DOOSAN HEAVY INDUSTRY ON THE BRINK OF INSOLVENCY

Highlights –

• Doosan Heavy Industry’s insolvency can trigger chain bankruptcies
• Company has been virtually out of work since 2017
• The company laid off more than 1,000 employees and cut the number of management by half

South Korea’s Doosan Heavy Industries & Construction Co., has been virtually out of work after the government in 2017. It announced a....