Doosan Group Archives | Be Korea-savvy
Doosan Group to Focus on Clean Energy Biz, Ditch Others

Doosan Group to Focus on Clean Energy Biz, Ditch Others

SEOUL, June 23 (Korea Bizwire) — Cash-squeezed Doosan Group will focus on its clean energy-related business while selling off others, such as its power plant construction business, in return for financial assistance from its creditors, industry sources said Tuesday. State-run banks the Korea Development Bank and the Export-Import Bank of Korea injected 3.6 trillion won [...]

Cash-strapped Doosan to Sell Core Construction Equipment Maker Unit

Cash-strapped Doosan to Sell Core Construction Equipment Maker Unit

SEOUL, June 16 (Korea Bizwire) — Cash-strapped Doosan Group plans to sell its key construction equipment maker unit Doosan Infracore Co. as part of its self-rescue measures to receive financial support from creditor banks, industry sources said Tuesday. South Korea’s 15th-largest conglomerate is seeking to sell its shares and assets to improve its financial structure [...]

Doosan Group Likely to Sell Off Affiliate as Part of Self-rescue Plan

Doosan Group Likely to Sell Off Affiliate as Part of Self-rescue Plan

SEOUL, April 13 (Korea Bizwire) — The cash-strapped South Korean conglomerate Doosan Group announced Monday it has submitted a self-rescue plan to its creditors, apparently including selling of an affiliate and pay cuts for executives. Doosan Group has been struggling to normalize troubled affiliate Doosan Heavy Industries & Construction Co. Last month, Doosan Heavy opened [...]