Doosan Group
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The Doosan Group is a large South Korean industrial and construction conglomerate (chaebol). The group owns the Doosan Bears baseball team as well as consumers-oriented businesses such as publishing, food, household goods, magazines and fashion. It also has an advertising subsidiary. In 2005 it won an $850 million contract to build a desalination plant in Saudi Arabia.[1]
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[edit] History
1896~1946 Doosan began in 1896 as a small store in Baeogae, Seoul, founded by Park Seung-jik. His successor, Park Doo-byung, expanded the store into the Doosan Store in 1946.
1950~1969 Doosan established Oriental Brewery in 1952. In the 1960s, the group set up Doosan construction & Engineering, Doosan Food & Beverage and Doosan Machinery.
1970~1979 After the oil shocks, the group sold off weaker subsidiaries
1980~1995 Doosan started its publishing and advertising businesses.
1996~ The group undertook an intensive business restructuring
2001~2005 Doosan took over Korea Heavy Industries (now Doosan Heavy Industrial & Construction) in 2001 and Daewoo Heavy Industries & Machinery (now Doosan Infracore) in 2005. Doosan Heavy Industrial & Construction products include power plant facilities and desalination plants. Doosan Infracore produces excavators, lift trucks, machine tools, and engines. Its products are branded as Doosan Daewoo.
[edit] References
- [2] (PDF format)
