SEOUL, June 9 (Korea Bizwire) — Doosan Enerbility Co., a major South Korean plant builder, said Monday it has secured a 900 billion-won (US$664 million) contract to build a combined cycle power plant in Vietnam by 2028. Doosan Enerbility has formed a consortium with local plant engineering firm PECC2 to construct the 1,155-megawatt power plant [...]
SEOUL, June 2 (Korea Bizwire) — South Korean baseball legend Lee Seung-yuop resigned as manager of the Doosan Bears on Monday, taking the fall for the team’s disappointing season. The Bears announced Monday that Lee offered to step down and the club accepted it, effective immediately. Lee, second on the Korea Baseball Organization (KBO) home [...]
SEOUL, Feb. 25 (Korea Bizwire) — In an effort to support employees taking parental leave, Doosan Group recently implemented an unusual incentive system designed to reward coworkers rather than just the parents themselves. This year, the company began offering a “Parental Leave Supporter Bonus” of up to 500,000 won ($350) to team members when a [...]
SEOUL, April 30 (Korea Bizwire) — Doosan Corp., the holding company of South Korea’s energy-to-construction equipment conglomerate, said Sunday it has signed an initial pact with a U.S. industrial automation firm to expand into the U.S. smart factory market. On April 25 (U.S. time), Doosan Corp. signed a memorandum of understanding (MOU) with Rockwell Automation, [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s conglomerate Doosan Group said Wednesday it will boost its presence in the hydrogen market by further nurturing its related affiliates. Doosan’s three affiliates — Doosan Corp., Doosan Heavy Industries & Construction Co. and Doosan Fuel Cell Co. — have been involved in the sector. Hydrogen is an [...]
SEOUL, Oct. 6 (Korea Bizwire) — Doosan Corp., the holding company of South Korea’s Doosan Group, said Tuesday that it will increase sales of unmanned forklifts in the country. Industrial Vehicle, a business division of Doosan, has been discussing ways to provide its automated guided forklifts to about 20 companies, Doosan said. Last year, Doosan [...]
SEOUL, Oct. 25 (Korea Bizwire) — Doosan Heavy Industries and Construction Co. (DHIC) is transferring employees to other subsidiaries and considering putting staff on paid leave as the company has been suffering from poor performance. The company announced on Wednesday that it is looking into the possibility of sending employees over to Doosan Corporation, Doosan [...]
SEOUL, Nov. 1 (Korea Bizwire) — Nearly two-thirds of South Korea’s top 30 conglomerates have been dissolved or dropped out of the standings since the 1997 Asian financial crisis, a market tracker said Wednesday. According to corporate tracker CEO Score, 19 family-controlled conglomerates, called chaebol here, disappeared altogether from the list with the remainder maintaining [...]
SEOUL, Sept. 6 (Korea Bizwire) — Heavy machinery and power equipment conglomerate Doosan Group said Wednesday that it is planning to enter the so-called collaborative robot market soon with a plan to start selling such robots next year. Doosan set up a robot-developing unit in 2015, which recently showcased four collaborative robot models. Rather than [...]
SEOUL, March 31 (Korea Bizwire) – Affiliates of construction and power equipment conglomerate Doosan Group are expected to further improve their bottom lines this year, aided by increased sales and cost-cutting measures, an executive said Friday. “This year, key Doosan affiliates are forecast to post improved earnings this year, and we will strive to meet [...]