Doosan, founded in South Korea in 1896 is more than just a corporate brand name. The company was founded to serve humanity and provide them with the basic amenities of life. The brand name Doosan is attached to multiple sectors of diversified business from construction to food and beverages. Park Seung-jik is the founder of Doosan Corporation and the company’s headquarters is currently based in Seoul, South Korea. Doosan has multiple subsidiaries which include Doosan Engineering and Construction, Doosan Infracore, Doosan Robotics, and many more. Once the company started as a retail store in South Korea is now leading in innovation and technology in various aspects of the digital era.
About Doosan Corporation
Doosan Corporation is famous around the world mostly for its diverse range of business and its core values to serve humanity. The applications of the technology of Doosan are widespread from providing electricity in India to clean water in the Middle East. In the North American market, Doosan is a leading provider of construction machines and the demand for its energy storage system and fuel cells is also growing exponentially. The technologies of Doosan, knowingly or unknowingly play an important part in our day-to-day life. Apart from providing clean water and light to make the life of every person better on this planet, Doosan is also preparing for the future and thus participating in making robots, energy storage systems, etc.
The Founding Story of Doosan
Back in 1869, Park Seung-jik opened the first modern store in South Korea. The store was opened to make the daily life of the South Korean civilians easier. The store gained a good reputation very rapidly and became an instant trendsetter. Doosan’s story originally starts from this modern store that today has become a business with multiple subsidiaries trying to make our lives better. When this store was opened in 1869 its original name was Park Seung-jik Store Limited and it was rebranded as Doosan Store in 1925.
Various Business Sectors
After the store started gaining popularity, Doosan expanded its business not only into the overseas market but also in terms of the product range. In 1953, the company started producing and exporting OB beer under its new subsidiary Oriental Brewery. After a few years, the company entered into the construction business and it established Dongsan Construction and Engineering (now known as Doosan Construction and Engineering). In 1960, Doosan acquired Hapdong New Agency which today is known as Yonhap News. In 1966, Doosan introduced a food product line called Hanyang Food, and the next year it established a subsidiary for machinery called Doosan Mecatec.
In the upcoming years, the company founded a handful of new businesses which include Hankook Bottle and Glass, Doosan CCK Can Manufacturing, OB Seagram, OB Bears (currently known as Doosan Bears), etc. Doosan became Doosan Corporation in September 1998 when it relaunched after incorporating nine affiliates. In 2008, the company acquired Chung-Ang University which is one of the leading research universities in South Korea. The same year, Doosan sold its liquor business and now operated four main sectors, namely, fashion, global, information and communication, and electro-materials.
In 2009, Doosan became an operating holding company and in the next year, it opened a new business for fuel cells. Energy management is a smart business especially when our non-renewable resources have reached a critical stage. So, Doosan has also started developing energy management systems and it built Korea’s largest fuel cell factory. The IT services provided by Doosan are also new as compared to most of its other businesses. Apart from major IT services it also provides consulting and operation.
Jeongwon Park – CEO of Doosan Corporation
Jeongwon Park has been the CEO of Doosan Corp since 2016. His career started with Doosan Corporation in 1985 and eventually started leading the Oriental Brewery. In 1999, he became the Vice President and CEO of Doosan Corporation followed by Vice Chairman of Doosan E&C. He is attached to the company for more than 35 years making it stronger and sustainable with every passing day. Jeongwon graduated from Korea University followed by Boston University.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more