Doosan reshuffles management

By Kim Yoo-chul

Staff reporter

The Doosan Group of companies, one of the country's largest and oldest family-owned conglomerates, completed a management shakeup Friday that involved 70 key executive positions across its business kingdom.

Doosan officials said the reshuffling was part of its efforts to regroup and thereby more effectively exploit opportunities in global markets.

Among the company officials promoted, Kim Ha-bang garnered the most attention, as he is now responsible for leading the nuclear plants-related business of Doosan Heavy Industries, which is quickly becoming a critical business engine for the group.

Park In-won, son of group Chairman Park Yong-hyun, was also promoted to an executive position of Doosan Engine’s strategic planning office.

``The performance-based personnel reshuffle is aimed at improving our efforts for going global and giving more autonomy to each business unit to pursue new opportunities,’’ said a Doosan spokesman.

``We will maintain flexibility in executive positions, and introduce further incentives based on individual performance.’’

Doosan is heavily reliant on its overseas business, reaping more than 60 percent of its annual revenue from foreign markets, while more than half of its employees are non-Koreans.