South Korea builder HDC's chairman steps down after apartment complex collapse

HDC chief steps down over collapse of Gwangju apartment building

The head of one of Korea's largest builders stepped down from his post, Monday, taking responsibility for the fatal collapse of an apartment building in the southwestern city of Gwangju, which has left at least one construction worker dead and five others still missing. “I feel the responsibility and will step down from the chairman post of HDC Hyundai Industrial Development,” Chairman Chung Mong-gyu said at a press conference at Yongsan IPark M…

South Korea builder HDC's chairman steps down after apartment complex collapse

SEOUL: The chairman of South Korean construction firm HDC Hyundai Development Co stepped down from his role on Monday after outer wall structures of an apartment complex it was building collapsed last week, with one person found dead and five people still missing. The collapse in Gwangju, South Korea