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Doosan Heavy Industries Trims Workforce as Profits Fall

Doosan Heavy Industries Trims Workforce as Profits Fall

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 [...]

Chaebol Rankings Seesaw Over Two Decades

Chaebol Rankings Seesaw Over Two Decades

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 [...]

Doosan Group Taps Collaborative Robot Market

Doosan Group Taps Collaborative Robot Market

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 [...]

Doosan Affiliates Forecast to See Improved Earnings This Year

Doosan Affiliates Forecast to See Improved Earnings This Year

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 [...]

Doosan Bobcat Ready to Bask in U.S. Infrastructure Spending

Doosan Bobcat Ready to Bask in U.S. Infrastructure Spending

SEOUL, Jan. 9 (Korea Bizwire) – Doosan Bobcat Inc., a construction equipment unit of Doosan Group, is forecast to earn solid earnings this year on the back of the incoming U.S. government’s massive infrastructure spending, analysts said Monday.  Doosan Bobcat made a strong market debut on the local stock market in mid-November by raising some [...]

Gov’t Extends Duty-Free Operational Rights to 10 Yrs

Gov’t Extends Duty-Free Operational Rights to 10 Yrs

SEJONG, March 31 (Korea Bizwire) - The South Korean government on Thursday decided to extend the operational licenses of local duty-free stores to 10 years from the current five and have them automatically renewed in a bid to help the retail industry do business in a stable and predictable environment. In a minister-level meeting in Seoul, the [...]