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DB Group, formerly Dongbu Group, is a conglomerate based in Seoul, South Korea. DB is engaged in insurance, financial services, and manufacturing businesses. It was established in January 1969 as Miryung Construction Company, Ltd. by Kim Jun-ki. [1] [2]
Dongbu Electronics acquired Anam Semiconductor's foundry operation from Amkor Technology for 114 billion South Korean Won (US$ 93 million) in 2002. [4] Dongbu HiTek was established in 2007 as a result of the merger between Dongbu Electronics and Dongbu Hannong Chemical, both of which are subsidiaries of Dongbu Group. [5]
DB Insurance, which was launched as Korea's first public auto insurance company in 1962, became a member of Dongbu Group in 1983 and changed its name to Dongbu Insurance in October 1995. [ citation needed ] On November 1, 2017, the company changed its name to DB Insurance in order to become a global insurance finance company.
Ichon 1-dong is home to over one thousand Japanese residents, gaining the name "Little Tokyo." This village formed after Korea-Japan diplomatic normalization in 1965. Most of these residents are employees of Japanese corporations doing business in Korea or embassy personnel and their families. [3]
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]
Other notable companies based in Gangnam include Dongbu Fire Insurance, Young Poong Group, T'way Airlines and Procter & Gamble Korea. Gangnam is also home to many IT and other internet-related companies including NC Soft and Pandora TV , and is also a strong hub of the country's financial and banking sectors.
The man, in his thirties, told police that he opened the door because he "wanted to get off the plane quickly", Yonhap said, citing the Daegu Dongbu Police Station.
During the 2011–12 season, Dongbu gained the nickname "Dongbu Mountain Fortress" (Korean: 동부산성) for recording the league's best defensive record. [1] [21] The name also refers to the fact that Wonju is located at the foot of Chiaksan (Chiak Mountain).