Dongbu Steel
KG Dongbu Steel (DBS, Hangul:동부제철;,, is a South Korean multinational corporation that produces steel-related and cold-rolled products. It is part of the Korea Development Bank.
In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business. Dongbu Steel reached an agreement with creditors to undergo a debt workout program. Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support. The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders. Dongbu Steel then sold off an electric furnace used for steel production. In May 2016, Dongbu Steel was taken off sale. In 2019, the company was acquired by KG Group and Cactus Private Equity.
