KG Dongbu Steel to merge with subsidiary Dongbu Incheon Steel

KG Dongbu Steel approved a small-scale merger with its wholly owned subsidiary Dongbu Incheon Steel, effective March 1, 2020, aiming to cut costs by over 10 billion won annually and potentially sell the Incheon site and equipment.

“KG동부제철은 지난달 29일 열린 이사회에서 100% 완전 자회사인 동부인천스틸과의 소규모 합병에 대한 승인을 받았다.”dealsite.co.kr

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• dealsite.co.kr[동부제철 체질개선] 동부인천스틸 흡수합병 속내는 - 딜사이트Feb 20, 2020

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