Tag: Dongbu Steel

South Korea: KG Group gets Corporate Watchdog’s Approval to Takeover Dongbu Steel

Jul 11, 2019

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by

Aditi Tiwari

in HRC

As per the latest updates, South Korea’s corporate watchdog, the Fair Trade Commission (FTC), approved Tuesday the takeover of Dongbu Steel Co., South Korea’s fifth-largest steelmaker by sales, by a KG Group-led consortium. In April 2019, Dongbu Steel’s largest shareholder, Korea Development Bank (KDB) had selected a consortium comprised of KG Group, a local logistics…