IPark Hyundai Development conducts winter safety inspection at Gimhae sites

IPark Hyundai Development has launched a round of safety and quality inspections at its construction sites ahead of the winter season.

The company said Friday it carried out executive-level on-site inspections Thursday at two Gimhae locations: the Gimhae Urban Planning Facility civil works site and the Gimhae Sinmun Central I'Park site.

The inspection team included CEO Jung Kyung-gu, Chief Safety Officer Yang Seung-cheol, Infrastructure Division Head Jo Heung-bong, Project Director Lee Sang-young and Safety and Quality Division Head Han Dong-jun. The team focused on worker health management and the progress of key tasks at each construction phase, with particular attention to the widening daily temperature swings that mark the onset of winter.

At the Gimhae Urban Planning Facility civil works site, which is nearing completion, Jung reviewed the overall finish of the project — including earthwork and grading, landscaping layout and road paving.

At the Gimhae Sinmun Central I'Park site, the team assessed measures to prevent winter safety accidents. Because that site is currently carrying out earthwork including pile driving and earth retaining, inspectors paid close attention to securing safe worker pathways to guard against equipment tip-overs caused by ground freezing and thawing, as well as slip-and-fall accidents on icy surfaces.

"We must uphold basic principles and put safety and quality first to deliver a high-quality site," Jung said. "From the earliest stages of construction through to completion, we need to build a prevention-centered management system tailored to the characteristics of each site, and proactively identify and prepare for even minor risk factors."

IPark Hyundai Development is already using drones to inspect blind spots at its sites, and is also pursuing the development of a worker location monitoring system and the introduction of an AI-based closed-circuit television intelligent video surveillance system. The company plans to continue both scheduled and unscheduled executive inspections through the end of the year.

Meanwhile, IPark Hyundai Development posted sales of 1.08 trillion won ($806 million) and an operating profit of 165.8 billion won on a consolidated basis in the third quarter of this year. It was the first time in about six years that quarterly operating profit exceeded 160 billion won; the operating profit margin came in at 15.3 percent, keeping the figure in double digits for three consecutive quarters. Net profit reached 111.3 billion won, up 179.2 percent from the same period a year earlier.