SEOUL, March 21 (Korea Bizwire) – Stocks of Doosan Infracore Co. traded at a yearly high Tuesday as investors scooped up the country’s leading construction equipment maker on hopes for an improved business performance. Doosan Infracore was changing hands at 10,100 won (US$9) on the Seoul bourse as of 1:30 p.m., up 1 percent from [...]
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 [...]
SEOUL, May 25 (Korea Bizwire) – South Korea’s top 30 business groups reduced the number of their executives by about 500 over the past year due mainly to downsizing and business restructuring moves, data showed Wednesday. The total number of senior executives at the 30 largest conglomerates was 9,632 as of May 16, down 484, [...]
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 [...]
SEOUL, March 30 (Korea Bizwire) – Hanwha Techwin Corp., a defense unit of major South Korean business group Hanwha, is set to take over a defense affiliate under power and construction equipment conglomerate Doosan, for 700 billion won (US$600 million), industry sources said Wednesday. Hanwha Techwin was picked as the preferred bidder for Doosan DST, beating [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Financial Times (FT) of England reported that Koreans, who used to work the most and rest the least, have recently showed a tendency to take longer vacations. According to Expedia, a global travel agency, the average Korean took 8.6 days off every year, which was the lowest among [...]
“M&As are the most efficient way to improve the competitive power of a company, and result in its growth. In advanced markets, even hostile M&As occur freely. It is true that companies need to understand and protect minority shareholders as well as major shareholders to be fair. But would we need to protect them in [...]
SEOUL, Apr. 21 (Korea Bizwire) — The head of South Korea’s largest power equipment maker Tuesday quit all his public posts as an email he sent to professors containing foul language went public. Park Yong-sung, who heads Doosan Heavy Industries & Construction Co., said he will also resign as the chairman of the board at [...]
SEOUL, Oct. 16 (Korea Bizwire) – As much as 10 percent of all stocks held by the owner families of top-30 conglomerates is being pledged as collateral for their loans with banks and other financial institutions. Of these, the collateral-to-stock ratios of seven business groups including Doosan, Dongbu, and Hanjin were in excess of 50 percent while [...]