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HDC Group Chairman Mong-gyu Chung, responsible for the ‘Gwangju disaster’ and likely to express his intentions soon

A person in the business world said, “Chairman Chung is deeply responsible for this situation…I am considering the issue of whereabouts.”

Some observations of ‘management resignation’… If it arrives in the form of a public apology, it will be decided this week

In June of last year, HDC Group Chairman Chung Mong-gyu held a press conference in the briefing room of Gwangju City Hall regarding the collapse of the demolished building at the Gwangju Hak-dong redevelopment project. [연합뉴스 자료사진]

(Seoul = Yonhap News) Reporter Seo Mi-sook = HDC Group Chairman Chung Mong-gyu, who has been criticized for causing a series of large-scale collapse accidents in Gwangju, is expected to announce his fate soon.

According to the business world and Hyundai Development Company on the 16th, it was reported that Chairman Chung would take responsibility for the collapse of the outer wall of Hwajeong I-Park in Seo-gu, Gwangju, and express his intentions in the form of an apology to the public.

Chairman Jung went down to the site of the Gwangju disaster on the 12th, the day after the accident, and discussed plans for handling the accident and future measures with Yoo Byung-gyu, CEO of Hyundai Development Company.

Afterwards, it was reported that he went up to his home in Seoul the day before the weekend and began to contemplate the problem of his place along with a fundamental remedy.

An official from the business world well-versed in Hyundai Development Company said, “I understand that Chairman Chung is taking the seriousness of this situation seriously and listening to the management’s opinions and debating the issue.” “I heard that you are conveying the opinion that recovery is difficult,” he said.

Specific details were not disclosed, but it is reported that there is a discussion about how Chairman Jung will completely withdraw from management of construction companies such as Hyundai Development Company and switch to a professional management system.

Chairman Chung has already resigned as chairman of Hyundai Development Company, and although the companies are operating under their respective representative systems, they are still effectively involved in management, making major decisions as the group chairman.

It is reported that Chairman Chung is considering the possibility of a management resignation as he resigns from the current HDC group chairman position. Some even raise the possibility of the resignation of the management team, including the CEO of Hyundai Development Company.

The release date is expected to be as early as this week.

The site of the collapse of Gwangju, which collapsed powerlessly “as if it were torn”

(Gwangju = Yonhap News) On the 11th, at the construction site of the new Hwajeong I-Park in Hwajeong-dong, Seo-gu, Gwangju, which was being constructed by HDC Hyundai Development Company, the outer walls of the 23rd to 38th floors of apartments collapsed. The photo was taken on the afternoon of the 13th, showing the possibility that the concrete strength was not sufficient. 2022.1.13 [광주 서구 제공. 재판매 및 DB 금지] areum@yna.co.kr

Although the government is currently investigating the cause of the accident and searching for the missing person, business officials explain that there are many opinions that Chairman Chung’s statement should not be delayed.

Chairman Chung, born in 1962, served as chairman of Hyundai Motor Company from 1986 to 1998. However, as management of Hyundai Motor passed to Chairman Chung Mong-koo, his father, the late Jeong Se-young, Hyundai Motor Company.[005380] In March 1999, he moved to Hyundai Development Company along with the honorary chairman.

Hyundai Industrial Development, which was called ‘apartment famous house’, caused a large-scale accident in the process of demolition of the redevelopment area in Gwangju in June last year, followed by the collapse of the outer wall of the Hwajeong I-Park apartment under construction on the 11th, seven months after it was built. has been heavily criticized.

As public opinion that the level of sanctions against the person responsible for the accident and Hyundai Development Company should be raised is spreading, the theory of responsibility of the owner, Chairman Chung, is also growing.

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