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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.
Meritz Financial Group: 5: Chung Mong-koo: 4.6 billion: Hyundai Motor and Kia Motors (both are honorary positions) 6: Kim Beom-soo: 4.5 billion: Kakao: 7: Hong Ra-hee ...
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]
Dramatic unclassified video shows the US military bombing a cave complex in the terrorist stronghold of Somalia targeting a senior ISIS "attack planner" and several other militants he recruited in ...
In April 2023, the KG Group sold KFC Korea to Orchestra Private Equity. [6] 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 ...
U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday. The Conference Board reported that its consumer confidence index retreated this ...