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Dongbu Group

Trade risk
TypeCompany[sources]
NameDongbu Group[sources]
Incorporation datenot available[sources]
Jurisdictionnot available[sources]
CountrySouth Korea[sources]
Registration numbernot available[sources]
SectorConglomerate[sources]
Websitewww.dongbu.com[sources]
Source linkwww.unitedagainstnucleariran.com[sources]
Last changeLast processedFirst seen

Descriptions

According to Korean and Iranian media sources, Korea Development Bank (“KDB”), as a creditor for Dongbu Steel, is considering “putting off the plan … to sell off the cash-strapped company’s [Dongbu Steel] electric furnace used for hot-rolled steel production [at the Dangjin plant] to an Iranian steelmaker amid concerns that the U.S. could walk out a nuclear deal with the Middle Eastern country.”  (Pulse News, “S. Korea’s creditors may call off Dongbu Steel furnace sale to Iranian steelmaker,” 10/23/2017; Financial Tribune, “S. Korean Firm May Call Off Furnace Sale to Iranian Steelmaker,” 10/26/2017).

Iran UANI Business Registry non-official source,

"Iranian electronics manufacturer Entekhab plans to acquire Dongbu Daewoo Electronics by purchasing a 100 percent stake in the smaller Korean consumer electronics firm, local financial sources said Sunday." (January 2018). (https://www.koreatimes.co.kr/www/tech/2018/01/694_242800.html/)

Iran UANI Business Registry non-official source,

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Iran UANI Business Registry non-official source,

Dongbu Group is a “Global conglomerate corporation which operates through seven business segments with 59 subsidiaries and 40,000 employees.” These segments include steel, chemicals, construction and electronics. Dongbu CNI, a Dongbu Group subsidiary specializing in IT and electronics, lists an office in Tehran. Other Dongbu subsidiaries and major affiliates, including Dongbu Corporation, hold $40 million in contracts with the U.S. government.  (http://www.dongbu.com/eng/about/about_history.asp) (http://www.dongbu.com/eng/networks/global.asp) (http://www.usaspending.gov/search?form_fields=%7B%22search_term%22%3A%22DONGBU+CORPORATION%22%7D)

Iran UANI Business Registry non-official source,

Relationships

Data sources

Iran UANI Business Registry2,629

List of companies involved in international business with or in Iran, including their withdrawal status from Iranian business ties, maintained by United Against Nuclear Iran (UANI).

United States · UANI · non-official source


For experts: raw data explorer