- By incorporating its CI in its subsidiaries’ names, HDC has enhanced the group’s identity and business links.
HDC completed its transition process into a holding company on May 1st and incorporated the HDC Group’s corporate identity (CI) in its subsidiaries’ and affiliated companies’ names. “HDC,” the group’s CI, stands for “Hyundai Development Company,” which reflects the group’s philosophy of enhancing urban value and the value of life while inheriting Hyundai’s tradition. Based on this CI change, HDC is planning to introduce new services and content exclusive to the HDC Group by reinforcing the group’s identity and business connections.
Through cooperation with its subsidiaries and affiliated companies, including HDC Hyundai Development Company, HDC I&CONS, HDC Hyundai EP, HDC Hyundai PCE, HDC IPark Mall, HDC Shilla, Hotel HDC, HDC I-Controls, HDC Asset Management, HDC I-Service, HDC Young Chang, and HDC Sports, HDC plans to strengthen its business links in various areas including construction and real estate development, manufacturing and construction materials, real estate operation, IT, financial and asset management, and culture and sports.
HDC Hyundai Development Company is strengthening the capabilities of its subsidiary HDC Hyundai PCE’s precise concrete (PC) business and of Hotel HDC’s hotel and condominium business. HDC Hyundai PCE, a construction company specializing in precast concrete, has shortened construction periods by assembling modular concrete products on-site and achieved quality improvement through standardization. It is planning to play a pivotal role in differentiating HDC Hyundai Development Company’s construction technology. Hotel HDC will expand its real estate operation component by integrating its differentiated hotel management know-how accumulated through the operation of Park Hyatt Seoul, Park Hyatt Busan, and Park Roche, a high-class wellness resort, with HDC Hyundai Development Company’s development business capabilities.
HDC I&CONS will strengthen its development business capabilities to revitalize urban functions and enhance the value of worn buildings, as well as engaging in development of small- and medium-sized estates central to Seoul, the metropolitan areas and prospective urban areas in the provinces.
HDC Hyundai EP is a leading company in the field of engineering plastics, with the largest market share in the composite propylene (PP) market. By entering into a licensed sales agreement for composite PP with LyondellBasell, the world’s No. 1 PP manufacturer, HDC Hyundai EP is enhancing its influence in the global market and is focusing on developing new materials with the goal of leading the functional polymer industry.
HDC I-Service provides total service in real estate, including comprehensive real estate management and asset management, interior design and landscaping projects. In the second half of this year, the company will pursue an initial public offering (IPO) and plans to become a “comprehensive real estate management” entity with capabilities in facility, asset and lease management.
HDC IPark Mall will enhance the value of real estate by combining its distribution know-how with HDC Hyundai Development Company’s real estate development business. IPark Mall, whose remodeling work will be completed within the first half of this year, will define a new shopping mall paradigm as a global amusement mall equipped with a full range of commercial, cultural and recreational facilities in the areas of shopping, lifestyle, mass media, etc.
HDC I-Controls is an environmentally friendly construction IT company that has played a leading role in improving business and residential environments in the fields of building automation and control, smart homes, eco-friendly LED lighting, and energy efficiency. This year, the company is focusing more on the home internet of things (IoT) and on green IT based on renewable energy generation.
In addition to manufacturing musical instruments, HDC Young Chang is transforming itself into a comprehensive cultural company that spreads various cultural content and a lifestyle of enjoying music by engaging private educational institutes, software sales, digital AV equipment handling, international scholarship competitions, free education programs, etc. HDC Sports, which operates Busan IPark Football Club, is developing into the K League’s best team by enriching communication with the local community through such means as installing movable stands on the training ground in preparation for fan-participation clubhouse visit programs and running children’s soccer academies.
An HDC official said, “HDC Group will secure new growth engines by creating various business models through connections between the operating company and subsidiaries. This will showcase HDC’s unique brand cities that will provide users with new value and experiences.”