It has been over a month since the collapse of the I-Park construction site in Hwajeong, Gwangju.
The day (7th), the last buried person was rescued from the collapse site.
A total of 6 people lost their lives in this accident.
It took a full month for the buried workers to be recovered, but in the meantime,
Hyundai Development Company won the right to rebuild another apartment building.
Anyang Gwanyang Hyundai Apartment members voted
509 out of 926 votes (53%) to be selected as the construction company for the reconstruction project, beating out rival Lotte E&C
.
Despite a major accident in Gwangju last June and early last month, we won the right to rebuild.
With this, Hyundai Development Company will be able to build apartment houses and welfare facilities on 62,557 square meters of land in Gwanyang-dong, Anyang.
The total construction cost is KRW 417.4 billion.
What conditions did you offer?
"We cannot entrust our property and our lives to Hyeonsan!", "I will return the deposit, so please leave"
This is the text of the banners posted throughout this apartment last month.
Some union members who are concerned about the safety of the Gwangju accident put it on the apartment.
As the atmosphere against Hyundai Industrial Development grew stronger, Hyundai Industrial Development poured out unconventional conditions.
Hyundai Industrial Development's strategy is
'I will not spend money on union members'
.
The conditions presented to the union members by Hyundai Development Company are as follows.
▲ 70 million won per household as a project promotion fee ▲ 48 million won
per pyeong is
guaranteed
under the post-sale system (when the construction progresses more than 60-80%)
Year
▲Monthly construction progress report and safety diagnosis results from external experts ▲External professional safety inspector
bears the
operating cost of the company
.
In fact, the members that the reporters met were full of anticipation.
Although there was an unfortunate collapse in Gwangju, he said that he had no choice but to choose Hyundai Development Company when he saw the reconstruction proposal.
Erase modern industrial development and emphasize only Hyundai
On the 15th of last month, Byung-gyu Yoo, CEO of Hyundai Development Company, wrote a handwritten letter on A4 paper and sent it to the union members.
CEO Yoo said, 'Due to the Gwangju accident, we are concentrating on solving the accident at the company-wide level'.
He even erased 'Hyundai Industrial Development' from all over the site.
"I will go back to the beginning and put my honor on the name of 'Hyundai'."
This is a phrase that appears in the reconstruction promotion video of Hyundai Development Company, but 'Hyundai Industrial Development' is omitted and only 'Hyundai' is emphasized.
When I first saw the video, I was even confused whether the construction company was Hyundai Industrial Development or Hyundai.
It is interpreted that as the boycott of 'NO I'Park' intensified, it began to erase its own brand.
In fact, Hyundai Development Company also covered the 'IPark' trademark with a sticker even at the site of the collapse of Hwajeong I-Park.
A flower-patterned sticker was placed in the space where 'i-Park' was erased.
Even if I-Park is deleted, it does not change the fact that Hyundai Development Company is working on the project.
(Hyundai Industrial Development was ordered to improve by the Gwangju Employment and Labor Administration, violating the safety work guidelines 'You must not work on ladders' while erasing I-Park.)
Unconventional conditions, feasibility?
Unknown.
The guarantee of KRW 48 million per pyeong is also much more expensive than the general sale price at the general meeting of the association.
At that time, the general sale price was 27 million won per pyeong, and Lotte E&C, a competitor, estimated the sale price at 32 million won.
For this reason, there are evaluations in the construction industry that '
Hyundai Industrial Development was too unreasonable to win
the construction rights' .
Another variable is the possibility of business suspension or license revocation due to a series of serious accidents in Gwangju.
Following the Gwangju Dong-gu Office's request to Seoul to 'suspend Hyundai Industrial Development business for eight months', the Ministry of Land, Infrastructure and Transport is also reviewing strong penalties.
If this happens,
Hyundai Development Company can be subject to a business suspension of up to one year and eight months.
The possibility of a lower credit rating cannot be ruled out.
However, even if the business is suspended, there will be no disruption to the construction of sites that have already been contracted or started construction.
You just can't start a new business.
Hyundai Development Company is also involved in the reconstruction of Wolgye-dong Shin Apartment in Nowon-gu, Seoul.
The competitor is Kolon Global, which is expected to offer similar conditions here as well.
This is the reason why some are pointed out that Hyundai Development Company is not trying too hard to gather work before the suspension of business
.
Ahn Jung-ho, head of the Association of Families of the Victims of the Gwangju Collapse Accident, said he could not sleep when he heard the news that Hyundai Development Company won the contract for construction rights.
He also burst into anger, saying,
"There is no minimum courtesy towards the victim."
Will Hyundai Industrial Development be able to revive itself with just one order?
Hyundai Development Company is still responsible for the accident in which six workers lost their lives.
Even if Hyundai Development Company wins another construction right by presenting more unconventional conditions, it seems difficult to evaluate it as an opportunity for revival.