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Apt. residents to receive full compensation for chopper crash

November 19, 2013

By Kim Jae-won

LG Electronics Vice President Nam Sang-geon walks past the photographs of the company’s two helicopter pilots — Park In-kyu and Koh Jong-jin — before making a address at their memorial service at Asan Medical Center in southern Seoul, Tuesday. The two pilots were killed during a flight from Gimpo International Airport to the Jamsil Heliport after their helicopter crashed into an I’Park apartment in Samseong-dong, southern Seoul, Saturday, in heavy fog. / Yonhap

LG Electronics Vice President Nam Sang-geon walks past the photographs of the company’s two helicopter pilots — Park In-kyu and Koh Jong-jin — before making a address at their memorial service at Asan Medical Center in southern Seoul, Tuesday. The two pilots were killed during a flight from Gimpo International Airport to the Jamsil Heliport after their helicopter crashed into an I’Park apartment in Samseong-dong, southern Seoul, Saturday, in heavy fog. (Yonhap)

Residents of an I’Park apartment in Samseong-dong, southern Seoul, will receive full financial compensation for damage caused after a Sikorsky helicopter owned by LG Electronics crashed into it, industry sources said Tuesday.

LG Electronics own an insurance policy from LIG Insurance which provides for compensation of up to 22.7 billion won ($21.5 million) for the accident. Among them, residents can be compensated up to 10.6 billion won, while the company will receive compensation for the crashed helicopter of up to 11.7 billion won.

Family members of the two pilots killed in the accident ― Park In-kyu and Koh Jong-jin ― will be given up to 210 million won of compensation, respectively.

Industry sources say that eight households of the apartment which suffered from the crash will be given compensation according to the extent of damage suffered. They are now evacuated to nearby top-class hotels, including InterContinental Seoul.

LG promised to do their best to fully compensate them.

Hyundai Development which constructed the apartment said that it will help examine the safety of the building which was built nine years ago. As the chopper crashed into between 24th floor and 26th floor of the apartment, walls and windows from 21th to 27th floor are broken.

“The apartment was built with state-of-the-art steel and concrete from 2001 to 2004. We think there will be no big problems restoring it fully,” said Han Jae-keun, a spokesman of the company.

The building holds apartments that are among the most expensive in the country with views of the Han River and because of the brand power of the construction company. A typical apartment costs over 50 million won per 3.3 square meters.

One Comment

  1. Brian Tuohy

    October 29, 2016 at 10:52 PM

    I am actually looking for my son who lives in one of your buildings in the I park development. My wife’s name is Eunhey chang. his name is johnny Dae Suho tuohy. I am his loving father currently residing in the eastern us in new york, Hudson Valley area. his mother removed him from my reach in the not to distant past. if any one has any idea on how I can reconnect with him please contact me at your earliest convenience. my number is 18453135933
    my email is bb2etuohy@gmail.com. my work address is 385 Vineyard Ave highland ny, 12528. my number there is 18458342727, my name is brian and I will forever be in your debt.

    Reply