Hyundai Development is a South Korea

South Korea

The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

n company involved mainly in civil and architectural engineering. The company was established in 1976 as a part of Hyundai Group

Hyundai Group

Hyundai Group is a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second biggest...

, but no longer is a part of it. It is headed by chairman Chung Mong Gyu, the eldest son of Chung Se Yung, co-founder of Hyundai Motors. The CEO of the company is Kim Jung Joong. Annual sales

Sales

A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....

(2007) and estimated operating profit (2007) of the company are $ 3 billion and $ 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.