Native name | KG스틸 주식회사 |
---|---|
Formerly | Dongbu Steel (1985-2020) KG Dongbu Steel (2020-2022) |
Company type | Public |
KRX: 016380 | |
Industry | Steel |
Founded | October 27, 1982 |
Headquarters | , South Korea |
Key people | Park Sung-hee (CEO) |
Products | Steel Cold-Rolled, steel sheet, steel and iron coating |
Parent | KG Group |
Website |
www |
KG Steel Co., Ltd. ( Korean: KG스틸 주식회사) is a South Korean multinational corporation that produces steel-related and cold-rolled products.
In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business. [1] Dongbu Steel reached an agreement with creditors to undergo a debt workout program. [2] Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support. [3] The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders. [4] Dongbu Steel then sold off an electric furnace used for steel production. [5] In May 2016, Dongbu Steel was taken off sale. [6] In 2019, the company was acquired by a consortium led by KG Group companies and Cactus Private Equity. [7]
Native name | KG스틸 주식회사 |
---|---|
Formerly | Dongbu Steel (1985-2020) KG Dongbu Steel (2020-2022) |
Company type | Public |
KRX: 016380 | |
Industry | Steel |
Founded | October 27, 1982 |
Headquarters | , South Korea |
Key people | Park Sung-hee (CEO) |
Products | Steel Cold-Rolled, steel sheet, steel and iron coating |
Parent | KG Group |
Website |
www |
KG Steel Co., Ltd. ( Korean: KG스틸 주식회사) is a South Korean multinational corporation that produces steel-related and cold-rolled products.
In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business. [1] Dongbu Steel reached an agreement with creditors to undergo a debt workout program. [2] Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support. [3] The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders. [4] Dongbu Steel then sold off an electric furnace used for steel production. [5] In May 2016, Dongbu Steel was taken off sale. [6] In 2019, the company was acquired by a consortium led by KG Group companies and Cactus Private Equity. [7]