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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 [...]