HDC Holdings Co. said on the 9th that Chair Chung Mong-gyu visited China as his first overseas trip of the year to review candidate sites for business development.
From the 7th to the 9th, over three days and two nights, Chair Chung Mong-gyu visited Beijing and Tianjin with Do Ki-tak, CEO of HDC Holdings Co., Kim Byung-chul, CEO of HDC Young Chang, and Choi Pil-seok, head of the China unit of HDC Hyundai EP, to review pending issues in affiliates' business progress and discuss new business development.
HDC Holdings Co. operates in China through HDC Young Chang, a comprehensive musical instrument and culture company, and HDC Hyundai EP, an advanced materials and components manufacturer, and has continued efforts to expand business opportunities in China.
An HDC Holdings Co. official said, "Although China's economy is in a slowdown, we believe now is actually the right time to invest in Chinese operations," adding, "We will continue to keep an eye on China by touring multiple candidate sites centered on our affiliates that have entered the market, and we will actively seek opportunities to expand our business and invest."