Everything about Hyundai Development totally explained
Hyundai Development is a
South Korean company involved mainly in civil and architectural engineering. The company was established in 1976 as a part of
Hyundai Group, but no longer is a part of it. It is led by chairman Chung Mong Gyu, the eldest son of Chung Se Yung (honorary
CBE), who is the co-founder of
Hyundai Motors. The
CEO of the company is Kim Jung Joong. As of January 2008, the
market capitalisation is approximately U$ 6 billion (£ 3,000 million). Annual
sales (2007) and estimated operating profit (2007) of the company are U$ 3 billion and U$ 350 million respectively. The company has approximately 1,900 employees (2007) and has a number of subsidiary companies including I’Park Mall, Hotel I’Park, I’Service and I Invest Management.
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