KG Steel

KG Steel Co., Ltd. (Korean: KG스틸 주식회사) is a South Korean multinational corporation that produces steel-related and cold-rolled products.

KG Steel Co., Ltd.

Native name	KG스틸 주식회사
Formerly	Dongbu Steel (1985-2020) KG Dongbu Steel (2020-2022)
Company type	Public
Traded as	KRX: 016380
Industry	Steel
Founded	October 27, 1982; 42 years ago (1982-10-27)
Headquarters	Seoul , South Korea
Key people	Park Sung-hee (CEO)
Products	Steel Cold-Rolled, steel sheet, steel and iron coating
Parent	KG Group
Website	www.kg-steel.co.kr

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]