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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.
In May 2019, the KG Group established a special purpose corporation (SPC), KG Steel, by investing funds from group affiliates (such as KG Chemical and KG ETS), in order to take a 40% controlling stake in Dongbu Steel. It formed a consortium with Cactus Private Equity, a South Korean private equity fund, to finish the transaction.
Steel: Exports products from POSCO, Hyundai Steel, KG Steel, Dongbu Steel, and others. Handles hot-rolled coils, wire rods, cold-rolled coils, galvanized steel sheets, stainless steel products, and others. Chemical: Imports and exports petrochemical products, fine chemicals, and mineral resources.
The administration has already levied a 25% tariff on all imported steel. The president has imposed a 10% tariff on all Chinese imports on top of existing tariffs on the country. China retaliated ...
SYDNEY (Reuters) -Asian shares dithered and the dollar edged higher on Monday after U.S. President Donald Trump warned more tariffs were imminent including on steel and aluminium, an inflationary ...
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]
Trump on Monday ordered a flat 25% tariff on steel and aluminum imports, ending steel exemptions for the top importing countries and raising a prior 10% rate for aluminum — though the president ...
From January 2008 to December 2012, if you bought shares in companies when Judith M. Runstad joined the board, and sold them when she left, you would have a 12.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.