The company is active in real estate development, construction and hospitality.

Korea City Development Company was created in 1976 when Hyundai Engineering & Construction separated its housing business.

Halla Construction, founded by Chung In-yung, brother to Chung Ju-yung, the founder and former chairman of Hyundai Group, focused on civil engineering, plant and overseas businesses.

In November 2019, HDC Hyundai Development Company was selected as the preferred bidder for financially troubled Asiana Airlines.

[2] In January 2022 the company has faced public criticism and government scrutiny following the Gwangju Hwajeong I-Park exterior wall collapse, which occurred just months after the 2021 Gwangju building collapse.