KG Steel
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". KG Steel Co., Ltd. (Korean: Script error: No such module "Lang".Template:Category handler) is a South Korean multinational corporation that produces steel-related and cold-rolled products.
History
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]
References
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External links
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- Business data for KG Steel: Template:Hlist