Building Firm Chief Steps down over Gwangju Building Collapse

  • By Lee Hyun-yi

    January 17, 2022 12:03

    HDC Hyundai Development chairman Chung Mong-gyu bows at a press conference at its headquarters in Seoul on Monday. /Newsis

    Chung Mong-gyu, the chairman of real estate developer HDC Hyundai Development, stepped down Monday to take responsibility for the deadly collapse of an apartment under construction in Gwangju last week.

    Chung apologized in a statement about a week after the collapse of the wall and floor plates of a new 39-story high-rise apartment complex. "I apologize to the families of the victims in the accident and to the public," he told reporters in Seoul.

    He pledged the company will make every effort to compensate the victims of the accident and also reveal all the findings of the investigation.

    Korea's ninth biggest builder also promised it will consider totally dismantling the complex and rebuilding it if there are further safety concerns.

    Meanwhile, out of six missing construction workers, one was found dead on Friday and search operations continued for the remaining five.

    The fatal accident occurred just about six months after the builder came under fire over the sudden collapse of a five-story building during demolition in a housing redevelopment project in the same provincial city. The five-story building fell on a bus arriving in front of it, killing nine passengers and injuring eight others.

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