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Current status of poorly constructed apartments in 2022

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Last year 2022
The building was built up to 39 units, but due to poor construction and missing materials, the apartment was destroyed.
Gwangju Hwajeong-dong I-Park of Hyundai Development Company
Gwangju Hwajeong-dong I-Park dismantling completed and re-construction scheduled for this month
After two years of dismantling work, even the first stage was dismantled again.
The building is expected to be rebuilt and occupied in the first half of 2027.
Even though the damage to Hyundai Development Company due to re-construction is severe,
If we just complete it without re-construction, the company’s image will be ruined.
It is said that they are rebuilding the construction as a result of taking all the losses without any margin.

Dismantling is finally complete.

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