# Dongil Steel consortium acquires Daesun Shipbuilding for 160 billion won

Dongil Steel and a consortium of five Busan-based companies signed a final contract to acquire Daesun Shipbuilding for approximately 160 billion won. The acquisition ends 10 years of creditor management, with Dongil Steel holding a 46% stake.

- Type: Acquisition
- Announced: 2020-12-29
- Where: Busan, South Korea
- Value: $135.0M (160.0B KRW)
- Status: announced
- Products: shipbuilding, stainless steel tankers, coastal passenger ships, fishing vessels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Dongil Steel](https://endata.com/companies/52178.md) (acquirer)
- [Daesun Shipbuilding](https://endata.com/companies/52179.md) (target)
- [Dongwon Housing](https://endata.com/companies/52180.md) (partner)
- [Dongwon General Industrial](https://endata.com/companies/52181.md) (partner)
- [Sewoon Steel](https://endata.com/companies/52182.md) (partner)
- [Dongil Sweet](https://endata.com/companies/52183.md) (partner)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20201229099951051), 2020-12-29: "동일철강은 29일 오후 대선조선 영도 본사에서 대선조선 인수를 위한 본계약을 체결했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.