HDC Hyundai Development Company
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HDC Hyundai Development Company
HDC Hyundai Development Company () was created in 2018 through a spin-off from HDC Group's holding company HDC Holdings. The company is active in real estate development, construction and hospitality. History HDC Hyundai Development Company was established through the merger between Hyundai Group's two subsidiaries – Korea City Development founded in 1976 and Halla Construction founded in 1977. Korea City Development Company was created in 1976 when Hyundai Engineering & Construction separated its housing business. Korea City Development specialized in Hyundai Group's housing construction business and built apartments under the brand name, Hyundai Apartment. Halla Construction, founded by Chung In-yung, brother to Chung Ju-yung, the founder and former chairman of Hyundai Group, focused on civil engineering, plant and overseas businesses. Hyundai Development Company has been formed in 1986 by the merger of both companies. With the inauguration of Chairman Chung Mong-gyu an ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Yonhap News Agency
Yonhap News Agency (; ) is a major news agency in South Korea. It is based in Seoul, South Korea. Yonhap provides news articles, pictures, and other information to newspapers, TV networks and other media in South Korea. History Yonhap was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese Japanese colonial era. In 1999, Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the British academic and historian James Hoar ...
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Companies Listed On The Korea Exchange
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporati ...
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HDC Hyundai Development Company
HDC Hyundai Development Company () was created in 2018 through a spin-off from HDC Group's holding company HDC Holdings. The company is active in real estate development, construction and hospitality. History HDC Hyundai Development Company was established through the merger between Hyundai Group's two subsidiaries – Korea City Development founded in 1976 and Halla Construction founded in 1977. Korea City Development Company was created in 1976 when Hyundai Engineering & Construction separated its housing business. Korea City Development specialized in Hyundai Group's housing construction business and built apartments under the brand name, Hyundai Apartment. Halla Construction, founded by Chung In-yung, brother to Chung Ju-yung, the founder and former chairman of Hyundai Group, focused on civil engineering, plant and overseas businesses. Hyundai Development Company has been formed in 1986 by the merger of both companies. With the inauguration of Chairman Chung Mong-gyu an ...
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Busan IPark
Busan IPark FC () is a South Korean professional football club based in Busan that competes in K League 2, the second tier of the South Korean football pyramid. They play their home games at the Busan Gudeok Stadium. Busan IPark was founded as a semi-professional team in November 1979 by Saehan Motors. The club was one of the original five founding members of the K League and continuously competed in the first division from 1983 to 2015, when they were relegated for the first time. Initially, the club was called Daewoo Royals, in reference to the motor company that originally owned and financed it. Since the early 2000s, Busan has received financial backing from the HDC Group and its apartment brand IPARK, rebranding as Pusan i.cons and later as Busan IPark. History Daewoo Royals After topping the league for most of the 1983 season, Daewoo finished second in their debut season, losing the title by one point to Hallelujah FC after a goalless draw against Yukong Elephants i ...
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2021 Gwangju Building Collapse
On Wednesday, 9 June 2021 at 16:22 KST, a five-story building collapsed in Gwangju, South Korea during demolition, killing at least nine people and critically injuring eight. All of the casualties were passengers on a bus that was stopped at a station next to the building. Collapse At 04:22 p.m. KST, a 5-story building was in the process of being demolished when a portion of the building collapsed onto a 7-lane road. The collapse buried a bus and two cars near a station next to the building under thousands of tonnes of rubble, and trapped dozens of passengers. All of the fatalities were bus passengers. The heap of rubble was 10 metres tall; rescuers used heavy machinery to comb through the wreckage. Nine people were found dead inside of the bus and eight others were critically injured. The collapse occurred due to the demolition company starting on the middle floor. Investigation In the immediate aftermath of the collapse, police charged four people with involuntary mansl ...
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Gwangju Hwajeong I-Park Exterior Wall Collapse
On Wednesday, 11 January 2022 at 15:46 KST, the façade of a 39-story apartment building under construction collapsed in Gwangju, South Korea, killing six workers. HDC Hyundai Development Company was investigated by the government, and its chairman resigned. In the initial collapse of the Hyundai I-Park apartment, ten construction workers were trapped by the debris. Searchers found three workers before they needed to halt operations for about 13 hours due to unsafe conditions. After a search that lasted 29 days, six bodies were recovered using drones and rescue dogs; five of the workers' bodies were recovered from the upper floors of the building, with one of the deceased being found on one of the lower floors. Rescue efforts had to be halted temporarily because an additional part of the building collapsed. The Korean government, under Moon Jae-In, launched the HDC Hyundai Industrial Development New Apartment Collapse Accident Investigation Committee to investigate the collap ...
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Kumho Asiana Group
Kumho Asiana Group is a large South Korean ''Chaebol'' (conglomerate), with subsidiaries in the construction, electronics, information technology, IT, leisure, logistics, manufacturing, tourism and transportation sectors. The group is headquartered at the Kumho Asiana Main Tower in Sinmunno 1-ga, Jongno-gu, Seoul, South Korea. As of 2014, the largest shareholder is Park Sam-koo, the third son of the company's founder, who stepped down as CEO in 2010. History After World War II, Park In-chon began a taxi service, based out of Geumnamno in Seo District, Gwangju, Seo-gu, Gwangju. By the 1950s, operations had expanded to include bus and coach services, operating as Gwangju Passenger Service (today, Kumho Buslines). The company began vertical integration in 1960 with the establishment of Samyang Tire, today Kumho Tire. Facing a shortage of raw material, Kumho Synthetic Rubber (today Kumho Petrochemical) was established in 1971. The group expanded considerably as the Miracle on the Ha ...
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Korea Development Bank
Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. , it was the 61st biggest global bank according to The Bankers top 1000 World Bank List. KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and providing capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a Commercial and Investment Bank. Nevertheless, it is a major restructuring player and has saved many big companies during major financial crisis, especially in the 1997 Asian financial crisis and the 2008 financial crisis. History KDB Bank was founded in 1954 to supply and manage major industrial c ...
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Asiana Airlines
Asiana Airlines Inc. ( ) is a South Korean airline headquartered in Seoul.Home
." Asiana Airlines. Retrieved 13 September 2010. "Address : Asiana Town, P.O. Box 98 47 Osoe-dong, Gangseo-gu, Seoul, Korea.
Address in Korean
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The airline operates 90 international passenger routes, 14 domestic passenger routes and 27 cargo routes throughout Asia, Europe, and North America. In 2019, it accounted for 25% of South Korea's international aviation market and 20% ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and the Sea of Japan to the east. Like North Korea, South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has Demographics of South Korea, a population of about 52 million, of which half live in the Seoul Metropolitan Area, the List of largest cities, ninth most populous metropolitan area in the world; other major cities include Busan, Daegu, and Incheon. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Gojoseon, Its first kingdom was noted in Chinese records in the early seventh century BC. From the mid first century BC, various Polity, polities consolidated into the rival Three Kingdoms of Korea, kingdoms of Goguryeo, Baekje, and Sil ...
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IPARK
iPark is "New York City's second biggest private parking-garage operator" behind Icon Parking with their primary locations in Manhattan and three garages in Rego Park Rego Park is a neighborhood in the borough of Queens in New York City. Rego Park is bordered to the north by Elmhurst and Corona, to the east and south by Forest Hills, and to the west by Middle Village. Rego Park's boundaries include Queen ... and two in Forest Hills. William Lerner is the founder and president of the company. Company history iPark was founded in 1962 by Jack, the father of current owner Bill Lerner. The parking garage that began as a single 25-car lot expanded to 100 garages throughout New York in 1978 after Bill took over. Company information iPark is the "largest, privately held owner-operated garages and parking lots" in the state of New York, and Bill Lerner has been the overseer of such growth. In 2011 iPark installed the company's first “Beam Charging” station in 14 of its ga ...
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