HS HWASUNG said on the 17th that it carried out a reorganization to strengthen sustainable growth and strategy execution.
Aiming for the company's mid- to long-term growth strategy, it plans to strengthen expertise, expand synergy between departments, adopt decision-making based on DX (digital transformation), and enhance work efficiency.
Through this reorganization, HS HWASUNG will strengthen organic collaboration among its key businesses, including not only dwellings and development but also civil engineering, infrastructure, and overseas operations. To improve data-driven management judgment, it plans to establish a future-oriented organizational culture and expand its responsiveness in overseas markets.
HS HWASUNG will change the name of the dwellings sales division to the development business division. The goal is to strengthen synergy not only in dwellings construction but also across development projects.
It will separate the strategy division into the strategy office and the finance office, placing them directly under the president and CEO to strengthen risk management functions. The aim is to diversify the business portfolio through organic collaboration with the management.
Cho Rae-jung, head of HS HWASUNG's management support division, said, "This reorganization is a measure to respond swiftly to a changing market and to enhance the company's future competitiveness as a full-service developer," adding, "Alongside management innovation based on digital transformation, we will further solidify the foundation for expanding domestic and overseas businesses."