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Dongbu Steel
KG Steel Co., Ltd. () is a South Korean multinational corporation that produces steel-related and cold-rolled products. History In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business. Dongbu Steel reached an agreement with creditors to undergo a debt workout program. Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support. The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders. Dongbu Steel then sold off an electric furnace used for steel production. In May 2016, Dongbu Steel was taken off sale. In 2019, the company was acquired by a consortium led by KG Group companies and Cactus Private Equity. See also * SsangYong Motor The SsangYong Motor Company ( ko, 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ...
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Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ...
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KG Group
The KG Group (, ) is a South Korean '' chaebol'' established in 2003 and operating, through its affiliates, in various industries and other businesses (including chemicals, steel, services, and media). The main affiliates of the KG Group are KG Chemical (its core company) and KG Steel. The KG Group expanded through mergers and acquisitions. History In 1985, Kwak Jae-sun and other investors founded Seil, a power plant company. In 2003, Kwak sold his Seil stake and used the money obtained to acquire a company under receivership, Gyeonggi Chemical (later renamed KG Chemical), initially a fertilizer producer which diversified through merging, and established the KG Group ''chaebol''. In the following years, the KG Group expanded through a mergers and acquisitions strategy. In 2005, it acquired the cogeneration company Sihwa Energy (later renamed to KG Energy and then KG ETS), and in 2008, it purchased the delivery company Yellow Cap (KG Yellow Cap). In 2010, it acquired waste t ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Korea Development Bank
Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. As a 61st biggest global bank (The Banker Top 1000 World Bank List in 2018), KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB (Commercial and Investment Bank). Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008. Offices (as of December 2018) Domestic Branch : 69 locations in South Korea International Subsidiary (5) : China (Hon ...
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DB Group
DB Group, formerly Dongbu Group, is a large South Korean ''chaebol'' (conglomerate), producing industry, chemical, insurance and financial products. It was established in January 1969 by Junki Kim as Miryung Construction Company, Ltd. Subsidiaries *DB Insurance * DB Hitek * DB Financial Investment * DB Savings Bank * DB Capital * DB Financial Service * DB Life Insurance * DB Metal * DB Stock Investment * DB Inc. * DB FIS * DB Kim jun ki Culture Foundation See also *Economy of South Korea *List of South Korean companies *Chaebol A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exc ... References External linksDB Group homepage Chaebol Conglomerate companies of South Korea Conglomerate companies established in 1969 Financial services companies established in 1969 South Korea ...
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SsangYong Motor
The SsangYong Motor Company ( ko, 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023. The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars. History Dong-A Motor (1954–1987) SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co. (). In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginni ...
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