HDC Hyundai Development Company Accepts Proposal to Change Resident Designation
New Complex Name Reflects '100 Years of Premium' Meaning
HDC Hyundai Development Company has decided to change the complex name of Gwangju Hwajeong I-Park, which is being reconstructed after the apartment collapse accident, to 'Gwangju Centennial I-Park.'
HDC Hyundai Development Company announced on the 23rd that the name of the Gwangju Hwajeong I-Park complex will be changed to "Gwangju Centennial I-Park." From the left in the photo are Lee Seung-yeop, representative of the Gwangju Centennial I-Park prospective residents' association, and Choi Ik-hoon, CEO of HDC Hyundai Development Company. Photo by HDC Hyundai Development Company.
On the 23rd, HDC Hyundai Development Company announced that it finalized the complex name as 'Gwangju Centennial I-Park' after accepting the name change proposal from prospective residents.
On the 19th, Choi Ik-hoon, CEO of HDC Hyundai Development Company, conveyed the new complex name to Lee Seung-yeop, the representative of the prospective residents' council. Centennial means 'of 100 years,' reflecting the intention to build an apartment with the premium and value of 100 years.
CEO Choi said, "Thanks to the interest, encouragement, and trust from the prospective residents, the site was able to safely complete the dismantling work," adding, "We will prioritize safety in the reconstruction work and build the best apartment to live in Gwangju, repaying the trust you have given us."
During the dismantling period, HDC Hyundai Development Company and the prospective residents' council continuously communicated regarding the dismantling scope and complex specialization. While exchanging opinions on various aspects such as apartment facade, complex landscaping, and community features, both parties recognized that many prospective residents wished to change the complex name and finalized the name change after consultation.
On the afternoon of the 19th, the prospective residents' council, Gwangju Seo-gu Office, and HDC Hyundai Development Company held a win-win meeting at the on-site safety training center. At the meeting, the three parties agreed to manage the reconstruction site of Gwangju Centennial I-Park safely and meticulously to build a high-quality apartment.
After the meeting, about 30 prospective residents, along with officials from Seo-gu Office and HDC Hyundai Development Company, toured the Gwangju Centennial I-Park site where dismantling work had been completed. Following the site inspection, the prospective residents' council delivered cold-weather protection supplies to the site staff preparing for reconstruction.
HDC Hyundai Development Company has completed the dismantling of the above-ground residential floors of eight buildings and plans to start reconstruction in December. Completion is scheduled for the first half of 2027.
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