Doosan Group Company Profile
The history of Doosan Group dates back to August 1, 1896, when founder Park Seung-jik established 'Park Seung-jik Store.' With over 120 years of history, it is the only modern enterprise from the late Joseon Dynasty still in operation today and the first Korean family business to achieve third-generation succession. In 1995, Doosan Group was certified by the Korea Kim's Record Association as Korea's oldest company.
1. Company Overview
Doosan Group traces its origins to the establishment of "Park Seung-jik Store" on August 1, 1896, with its headquarters in Seoul, South Korea. As Korea's first family business to achieve third-generation succession, it has developed diverse operations over a century, spanning heavy industry, machinery manufacturing, apartment construction, trade, and more.
Official Website: https://www.doosan.com/en
2. Holding Structure and Major Subsidiaries
As one of Korea's oldest enterprises, Doosan Group operates numerous subsidiaries and holding companies across energy, machinery, automation, fuel cells, robotics, logistics, media, and culture, forming a diversified conglomerate structure.
1. Holding Companies and Key Platforms
-
Doosan Electronics Co., Ltd.
-
Doosan Fuel Cell Co., Ltd. (336260.KS)
-
Doosan Digital Innovation Co., Ltd.
-
Doosan Distribution Co., Ltd.
2. Core Operating Companies (Including Major Listed Entities)
-
Doosan Enerbility Co., Ltd. (034020.KS): Heavy Industry & Energy
-
Doosan Bobcat Inc. (241560.KS): Compact Construction Equipment
-
Doosan Robotics Inc. (454910.KS): Collaborative Robots
-
Doosan Corporation (000150.KS): Group Operations & Investment Holding Platform
-
Others: Doosan Industrial Vehicle, Doosan Chemical Machinery, Doosan Logistics Solutions, Oricom Advertising, Doosan Art Center, etc.
3. Business Overview of Major Subsidiaries
Doosan Corporation (000150.KS) Overview
Doosan Corporation operates in heavy industry, machinery manufacturing, and apartment construction across Korea, the U.S., Asia, the Middle East, Europe, and international markets. Formerly OB Beer, Ltd., it was renamed in September 1998.
Its diversified operations include manufacturing copper-clad laminates and industrial equipment, IT system development/maintenance, NSSS/BOP/turbine construction, golf club/apartment management, commercial vehicles/industrial robots, fuel cells/renewables, logistics automation, semiconductor testing/engineering, power generation/sales, R&D for fuel cells/power systems, forklift manufacturing/leasing, financial investments, sports/education/training, wholesale/retail, and manufacturing/IT/advertising/engineering services.
Doosan Robotics Inc. (454910.KS) Overview
Established in 2015 and headquartered in Suwon, Korea, Doosan Robotics develops collaborative robots as a subsidiary of Doosan Corporation. Its 2023 IPO raised ~$300 million, marking Korea's largest IPO that year.
Doosan Enerbility Co., Ltd. (034020.KS) Overview
Founded in 1962 and based in Changwon, Korea, Doosan Enerbility operates globally through four divisions: Enerbility, Doosan Bobcat, Doosan Fuel Cell, and Others.
It provides onshore/offshore wind turbines, gas turbines, nuclear reactors, steam turbines, hydroelectric turbines/generator parts; executes EPC projects for power plants; offers desalination/water treatment technologies/3D printing; produces industrial castings/forgings; provides gas turbine services; engages in construction/hydrogen production/storage/transport; operates resorts/golf clubs; and offers financial/professional services.
Doosan Bobcat Inc. (241560.KS) Overview
Doosan Bobcat manufactures/distributes compact construction equipment across the Americas, Europe, and Asia. Formerly Doosan Infracore Bobcat Holdings (renamed January 2015), it was established in 1947 and is headquartered in Seongnam, Korea, as a subsidiary of Doosan Enerbility.
Operating through Doosan Bobcat and Industrial Vehicle divisions, it offers compact loaders/excavators, industrial vehicles (IC-engine/pneumatic forklifts), portable power products (generators), marketed under Bobcat, Doosan, Geith, Steiner, and Ryan brands.
Doosan Fuel Cell Co., Ltd. (336260.KS) Overview
Established in 2019 in Iksan, Korea, Doosan Fuel Cell develops/sells 440KW stationary fuel cells for power generation, provides installation/maintenance services, and holds a license agreement with Ceres Power Limited.
4. Technological and Business Advantages
-
Historical Legacy: 120+ years as Korea's oldest company with strong brand influence.
-
Diversified Operations: Broad industry presence mitigates risks and captures cross-sector opportunities.
-
Acquisition Expertise: Successful integrations (e.g., Korea Heavy Industries, Daewoo Heavy Machinery) expanded market share.
5. Historical Timeline
| Year | Key Events |
| 1896 | Park Seung-jik establishes "Park Seung-jik Store" |
| 1915 | Begins production of Park's Flour |
| 1946 | Establishes "Doosan Trading" |
| 1951 | Founds Doosan Trading (now Doosan Glonet) |
| 1952 | Establishes Oriental Brewery |
| 1953 | Founds Doosan Industry; launches OB Beer |
| 1960 | Establishes Dongsan Construction (now Doosan E&C); acquires Hapdong News Agency (now Yonhap News) |
| 1966 | Founds Hanyang Foods |
| 1967 | Yunhan Industrial established |
| 1969 | Establishes Korea Bottle Glass |
| 1974 | Founds Korea OAK Industries (now Doosan Electronics BG); establishes Doosan Development |
| 1975 | Establishes Oriental Farm Products (now Doosan Tower) |
| 1978 | Renamed from OB Group to Doosan Group; establishes Yeonam Academic Foundation |
| 1979 | Founds Oricom Advertising; establishes Doosan Can Manufacturing; Doosan Industry exports exceed $100M |
| 1980 | Establishes OB Seagram |
| 1982 | Founds OB Bears (now Doosan Bears) |
| 1983 | Headquarters relocates to Doosan Tower, Eulji-ro |
| 1985 | Acquires Baekhwa Brewery |
| 1987 | Establishes Doosan Enterprise (now Doosan Cuvex) |
| 1988 | Acquires Duksoo Integrated Development |
| 1990 | Chuncheon Country Club (now Ladena GC) opens |
| 1991 | Establishes Doosan Integrated Technology Institute |
| 1992 | Announces new management philosophy |
| 1993 | Yeonam Hall (now Doosan Art Center) opens; acquires Gyeongwol |
| 1994 | Implements annual salary system; establishes Doosan Information & Communication BU |
| 1995 | Certified as Korea's oldest company by Korea Kim's Record Association |
| 1996 | Centennial celebration; launches new CI |
| 1998 | Merges nine subsidiaries; renamed Doosan Corporation; Doosan Tower completed |
| 2000 | Establishes Neoplux |
| 2001 | Acquires Korea Heavy Industries (now Doosan Heavy Industries) |
| 2003 | Acquires Korea Industrial Development (now Doosan E&C) |
| 2005 | Founds DLI; acquires Daewoo Heavy Machinery (now Doosan Infracore); purchases AES Americas water treatment business |
| 2006 | Acquires UK's Mitsui Babcock (now Doosan Babcock Energy); Romania's IMGB (now Doosan IMGB) |
| 2007 | 15 products recognized as world-class; acquires Ingersoll Rand's Bobcat division; purchases CTI (US) and Yuhua Machinery (China) |
| 2008 | Acquires Dong Myung Mottrol (now Doosan Mottrol); purchases Chung-Ang University; buys Germany's ATL |
| 2009 | Transforms into holding company; acquires Czech Škoda Power |
| 2010 | Establishes Doosan Power Systems |
| 2011 | 19 world-class products; opens China excavator plant |
| 2012 | Launches "Doosan Way"; completes China plants for Doosan Mottrol/Electronics; acquires UK's ENPURE |
| 2014 | Establishes Doosan Fuel Cell; acquires Luxembourg's Circuit Foil |
| 2015 | Purchases UK's RUSHLIFT; Oricom acquires HANCOMM |
| 2016 | Doosan Heavy buys 1Energy Systems (now Doosan GridTech); Doosan Bobcat lists on KRX |
| 2017 | Doosan Heavy acquires 5.5MW offshore wind tech; Doosan Fuel Cell completes largest Korean fuel cell plant; Doosan Bobcat launches China production; acquires US ACT (now Doosan Turbomachinery Services); Doosan Infracore partners with China's Lovol; Doosan Robotics enters cobot market |
| 2018 | Doosan and Doosan Bobcat spin off; Doosan Bobcat opens India plant; enters drone fuel cells; Doosan Robotics expands to China |
| 2019 | Launches Doosan Logistics Solutions; localizes large gas turbines; debuts hydrogen fuel cells for drones; establishes Doosan Solus; demonstrates autonomous construction; enters SMR market |
| 2021 | Doosan Construction Machinery was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30% controlling interest. |
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
