HDC Hyundai Development Company has laid the foundation for securing its core management policy of enhancing its home competitiveness by strengthening its corporate structure and technological competitiveness, and expanding new business ventures. HDC Hyundai Development Company aims to leap forward as a leading company in the future, leveraging its sustainable urban development capabilities and excellent technologies.
HDC Hyundai Development Company noted that it has achieved various accomplishments, including a rise in performance last year, a decrease in contingent liabilities, certification as an excellent service quality corporation in Korea, and an upgrade in credit ratings from the country's top three credit rating agencies, thus restoring trust from external organizations including customers.
HDC Hyundai Development Company recorded sales of 4.21 trillion won last year, exceeding its guidance, and has set its sales guidance for this year at 4.3059 trillion won. With plans to sell approximately 11,000 units and the completion of large-scale complexes, including the Seoul One I-Park, stable performance growth is expected as major mixed-use development projects gain momentum.
In addition, HDC Hyundai Development Company has set a target for new orders at 4.6981 trillion won, planning to actively pursue urban mixed-use developments, self-initiated projects, and large city-centered urban renewal projects. Notably, it secured orders worth 436.9 billion won for the Wonju Stage Jugu reconstruction and 419.6 billion won for the Gwangan District 4 redevelopment project in the first quarter, approaching 1 trillion won in urban renewal sector orders. It is also expected to achieve the guidance set for this year by securing large-scale renewal projects such as the Yongsan Maintenance Complex Zone 1.
Additionally, it plans to leverage energy and infrastructure development projects as new growth engines, promoting data centers, clean energy, and infrastructure operation projects.
To establish a system for strengthening technological competitiveness and promoting new businesses, it has also conducted organizational restructuring. The existing construction department has been reorganized into the architecture department, and new technology and infrastructure departments have been established. Furthermore, a technology safety team and a quality team have been newly formed within the Chief Strategy Officer (CSO) organization.
Through this reorganization, HDC Hyundai Development Company plans to enhance organic collaboration and horizontal communication between the architecture-infrastructure department and the development department. It aims to optimize the work process from order acquisition to completion by building an efficient project-centric organizational culture and maximizing the capabilities of individual employees through a fair evaluation system. Based on this, it plans to successfully pursue large-scale development projects such as the Seoul One I-Park and the Yongsan Railroad Hospital site.
There are also sites where HDC Hyundai Development Company has applied its unique technologies, showcasing specific achievements. At the Gwangju Centennial I-Park, where demolition was completed last year, it introduced new technological prowess through the country's first demolition of a supertall building in an urban area. To minimize environmental damage such as noise and dust, it conducted precise demolition using Diamond Wire Saw (DWS) methods and the country's first external temporary support method with Rail Climbing System (RCS) and magic panels. As a result, it completed demolition in 17 months, shortening the time by 5 months compared to the original 22 months.
During the rebuilding process, HDC Hyundai Development Company is applying enhanced safety and quality management technologies. The concrete for the complex has been designed to increase strength by about 10%, and joint inspections with ready-mixed concrete companies at the headquarters and site are being conducted, along with surprise inspections.
It operates an integrated control center that manages over 30 closed-circuit (CC) TVs at the site and has introduced a system that enables monitoring the headcount by section, thereby minimizing blind spots in safety management. In addition, it focuses on safety and quality management by adding temporary supports and intensively managing the demolition process.
In line with the fourth industrial era, HDC Hyundai Development Company also plans to actively utilize technologies that integrate AI and digital transformation (DX). In January of this year, it expanded and reorganized the existing IPARK-Quality Management System (I-QMS) by integrating DX technology, allowing various on-site tasks, including quality checks, to be handled via mobile devices.
HDC LABS, the IT subsidiary of HDC Group, is also scheduled to pilot a helper robot service developed in collaboration with a robotics company. It plans to actively utilize DX technology in various ways, including an electric vehicle fire detection system based on artificial intelligence for underground parking lots and an energy management system to monitor and analyze electricity consumption and production on site.
It is expected to introduce AI-integrated technologies within I-Park to enhance customer satisfaction. The Seoul One I-Park, a future-oriented fusion town that combines approximately 3,000 units of residential facilities, wellness residences, shopping malls, street malls, prime offices, and global lifestyle hotels, plans to incorporate voice recognition wall pads based on Chat-GPT to improve housing satisfaction.
Additionally, it plans to implement a smart complex access system, including a biometric facial recognition smart one-pass system, an all-round CCTV with 12 million pixels designed for crime prevention through environmental design (CPTED), and an I-Park home app that utilizes smartphones, significantly enhancing the convenience and safety of residents.
An official from HDC Hyundai Development Company stated, "To achieve sustainable development, we will focus on securing foundational competitiveness and leap forward as a leading corporation in the future through strengthening technological competitiveness in the construction sector, organizational innovation, and expansion of new businesses." They added, "We will elevate technical competitiveness through the urban supertall building demolition technology showcased at Gwangju Centennial I-Park, the safety and quality management systems applied during the rebuilding process, and various AI and DX-integrated technologies that are being considered for implementation within I-Park."