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Growing together with society
through people-centered values.

Occupational Safety and Health Management

We establish a prevention-focused safety management system
and, through field-centered occupational safety and health activities, prioritize the safety of all stakeholders.

Occupational Safety and Health Policies

Establishing a sustainable occupational safety and health system
through the implementation of an autonomous safety culture

IPARK Hyundai Development Company considers occupational safety and health as the highest-priority value of sustainable management and implements the following policies to establish an autonomous safety prevention system.

  1. We establish compliance with applicable laws and regulations as the fundamental principle of safety and health activities.
  2. We establish an autonomous safety culture based on employee participation.
  3. We strengthen preventive systems to identify and eliminate potential hazards in daily operations.
  4. We prevent serious accidents through continuous, close oversight of high-risk operations.

All executives and employees of IPARK Hyundai Development Company familiarize themselves with and implement the above policies, and shall make every effort to ensure the effective operation of the occupational safety and health management system.

January 2, 2026
IPARK Hyundai Development Company Co., Ltd.
CSO Sungchul Yang

Goals

Zero serious accidents

Implementation Strategies

  • 01

    Regional safety inspection activities for on-site supervision

  • 02

    Strengthening CCTV-integrated control center high-risk work management

  • 03

    Supporting the implementation of occupational safety and health management systems for partner companies

  • 04

    Enhancing management supervisors’ capabilities to implement safety activities

  • 05

    Activating workers’ rights to stop work

Mid- to Long-Term Goals

Category 2027 2028 2029
Goals 3% or less 2.5% or less 2% or less
Implementation Plan Establishing a behavior-based safety culture and
enhancing the effectiveness of safety management		 Establishing a proactive response system
through advanced safety management		 Structural advancement of enterprise-wide occupational safety
and health governance systems

Quality Management

We strengthen systematic quality management and proactive risk response systems, and deliver construction quality that customers can trust through continuous monitoring and continuous improvement activities.

Quality Policy

Earning customer trust through fundamentals,
principles, and high quality

IPARK Hyundai Development Company actively implements the following practices to enhance customer satisfaction and happiness through the effective operation of our quality management system.

  1. We establish and strengthen a quality management system to deliver “the highest quality that meets customer requirements” by implementing customer-centered quality management.
  2. All of our organizations strictly comply with the quality management system regulations, which constitute the fundamental principles of our company, and shall continuously improve to restore and maintain customer satisfaction and trust.
  3. All products and services are centered on customers’ core values to secure unique and differentiated competitiveness.
  4. We secure innovative future growth drivers by fostering a creative and autonomous organizational culture.

All executives and employees of IPARK Hyundai Development Company Co., Ltd. understand and implement the above policies and make every effort to maintain an effective quality management system.

January 2, 2026
IPARK Hyundai Development Company Co., Ltd.
CSO Sungchul Yang

Goals

Zero quality risks

Detailed Objectives

  • Achieving a 10% reduction in high-cost defects

    (*High-cost defects: structural work, waterproofing work, tile work)

  • Keeping the customer complaint rate
    below 3%

  • Implementing data-driven decision-making based on quality data

Consumer Rights Protection Roadmap

KPI 2026 2027 2028
Customer Complaint
VOC Rate		 ≤ 3.0% ≤ 2.8% ≤ 2.5%

Shared Growth

We achieve mutual growth
across the entire supply chain
through fair trade
and support for systematic collaboration.

Fair Trade

We establish a fair and transparent trading order with partner companies by implementing internal control and oversight systems
based on the four key fair trade practices and voluntary compliance programs.

Fair Trade: Four Key Practices

  • Contractor Selection and Management

  • Internal Review Committee Operations

  • Contract Execution Oversight

  • Issuance and Retention of Written Documents

Fair Trade Agreement Implementation

Fair Trade Voluntary Compliance Program (CP)

Operational Effectiveness

CP operational effectiveness: centered on the Autonomous System, incentives are arranged in a circle, including 1. Enhancing Internal and External Credibility, 2. Proactive Corporate Loss Prevention, 3. Risk Management, 4. Global Standard, and 5. Fair Trade Commission Penalty Reductions and Other Incentives

8 Core Components of CP

  1. I Establishment and implementation of CP standards and procedures
  2. II CEO commitment to voluntary compliance and active support
  3. III Appointment of a Compliance Officer and allocation of responsibilities
  4. IV Development and use of a voluntary compliance manual
  5. V Conducting ongoing, systematic voluntary compliance training
  6. VI Establishment of an internal monitoring system
  7. VII Sanctions against executives and employees for violations of fair trade laws and regulations
  8. VIII Regular inspection, assessment, and improvement measures

Operations Organization

Voluntary compliance operations organization: CEO → Voluntary Compliance Manager → Voluntary Compliance Committee, with an Executive Secretary (Voluntary Compliance Team Leader) under the Voluntary Compliance Manager

Mutual Growth and Collaboration

IPARK Hyundai Development Company operates various hands-on support programs
to help partner companies grow into a sustainable supply chain and requires partner companies
to fully comply with codes of conduct.

Support Programs

  • Excellent Partner Company Selection

    • Awards and Recognition Ceremony
    • Provision of Bidding, Tendering, and Incentives
    • 50% Reduction in Performance Bond Amount

  • Safety and Quality Committee

    • First to Implement in the Construction Industry in 1994
    • Mutual Cooperation for Improving Quality and Safety Management

  • Financial Support

    • Mutual Growth Fund Management
      (Establishment of a KRW 82 billion fund with reduced interest rates)
    • Contract-Related
      (Advance payments, stamp tax, etc.)
    • Escrow Trust Operations
      (Liquidity security for partner companies)

  • Education Support

    • Mutual Growth Campus Operations
      (Providing online educational content)
    • Mutual Cooperation Education
      (Implementation of construction-related job training)

  • Administration Support

    • ESG Consulting Support
      (Providing consulting to improve ESG ratings)
    • Safety Consulting Support
      (Providing consulting services for establishing a safety management system)
    • Online Recruitment Portal Support
      (Providing a job posting matching service)

  • Technology Development Support

    • Technology Competition Performance Support
      (Performance share)
    • Technology Data Escrow
      (Technology data protection and escrow fee support)

  • Communication Channels

    • Online Call Center Operations
    • Mutual Growth Letter Publication (Sharing IPARK News, bidding schedules, mutual growth programs, etc.)
    • Continuous System Improvement through Regular Surveys
      (Field operations evaluation, employee referral program)

Human Rights Management

We protect the human rights of all employees and stakeholders,
foster a discrimination-free workplace, and build a sustainable organizational culture.

Goals and Vision

Strengthening the internalization
of human rights management
and providing external support to foster a culture
of respect for human rights both within the organization and beyond it

Implementation Strategies

  1. 01 Establishing and enhancing a Human Rights Due Diligence (HRDD) system
  2. 02 Strengthening supply chain (including subcontracting) human rights management
  3. 03 Advancing industrial safety and worker protection standards
  4. 04 Implementing environmental rights and climate responsibility
  5. 05 Strengthening stakeholder-centered governance and information disclosure

Monitoring operations systems

We continuously monitor stakeholders across all business operations for potential human rights violations
and regularly conduct human rights due diligence, including human rights impact assessments,
while working with relevant departments to remedy human rights violations and implement improvement measures.

Human rights management monitoring operations system: a diagram centered on Human Rights Policy Revision, Amendment, and Publication, interconnecting Human Rights Due Diligence (Problem Identification), the Human Rights Management Dedicated Department (HR Innovation Team, Results Implementation and Improvement Measures), Relevant Departments, the Human Rights Management Committee (Investigation, Deliberation, and Decision), and Stakeholders (Report, Processing Results Notification)

Reporting Process

To protect stakeholder rights, we operate fair and transparent reporting procedures and establish a systematic human rights protection system spanning receipt, processing, and improvement.

  • Reporting Subject

    A person (victim) who has suffered human rights violations as a result of the business activities of IPARK Hyundai Development Company A third party (individual or organization) who is aware of facts related to the above human rights violation

    ※ Human Rights: Refers to the “human dignity, value, freedom, and rights” recognized by the Constitution and laws of the Republic of Korea, as well as by international law.
    ※ Human Rights Violation: Refers to the infringement of “human dignity, value, freedom, and rights,” including violations committed by public authorities and violations arising from discriminatory acts.

  • Application Method

    Homepage report channel submission

    Common reporting channel for partner companies, customers, employees, etc.
    (Misconduct, etc.)

    Anonymous reporting center Cyber reporting center

    Employee-only reporting channel (workplace harassment, sexual misconduct, etc.):
    ICONN – HR – Benefits – Grievance Counseling – Grievance Counseling Management

    Mail submission

    55, Hangang-daero 23-gil, Yongsan-gu, Seoul, Republic of Korea
    (IPARK Mall, Living Park 9th Floor),
    IPARK Hyundai Development Company, HR Innovation Team

  • Results Processing

    Processing Period: Feedback within 1 month (Notification of processing results or progress status)

    Processing Results

    • Dismissal Decision (Insufficient Evidence, etc.)
    • Filing of a Criminal Complaint
    • Violation Remediation Recommendations
    • Other Necessary Measures

    ※ Reports may be dismissed if they involve individual human rights violations or are unrelated to HDC Hyundai Development Company's business operations.

  • Human Rights Management Committee Remedial Procedures

    Human Rights Management Committee remedial procedures: Human Rights Violation Report Intake → (within 1 month) → Human Rights Management Committee Investigation, Review, and Resolution → (up to 3 months) → Notification to the Reporting Party and the Reported Party → Case Closure and Follow-up Actions

    ※ Human Rights Management Committee: An independent organization that oversees plans and activities related to human rights management and reviews human rights violations that fall outside the scope of existing reporting systems.
    ※ The anonymity and confidentiality of reporters are guaranteed, and any disadvantage or retaliation resulting from reporting is prohibited.

Social Contribution

We fulfill our corporate social responsibility
through a range of social contribution activities that start with mutual growth within the local community.

Policies

We fulfill our social responsibilities
and contribute to the sustainable growth of society.

Goals

A company that creates a future
of greater value together

Implementation Strategies

Based on collaboration with the local community, we carry out service, sharing, and mutual growth initiatives to create sustainable social value in which everyone grows together.

  • Happy (Local Community Service)

    • Sharing Love Volunteer Service
    • HDC Group Companies Joint Volunteer Service
    • Yongsan Area Joint Volunteer Service

  • Devotion (Donating to Charity)

    • Love in Action (Share Every Last Coin) Campaign
    • Sharing Love Donation Activities
    • Emergency Relief Activities

  • Community (Local Community Mutual Growth)

    • Symphony Tiny Library
    • Symphony Hope Dream Builder
    • Symphony Forest Classroom

Implementation Organization

We establish an organic cooperation system centered on the sustainable management consultative body and dedicated organizations to systematically manage social contribution activities and strengthen execution capabilities.

Social contribution implementation organization diagram: a cooperation system centered on the Local Community at the center, with the Sustainable Management Consultative Body, Social Contribution Department, IPARK Volunteer Service Corps, The Pony Chung Foundation, and ESG Working Consultative Body connected by a circular dotted line