Doosan Heavy Industries Graduates from Creditor Management, Plans to Change Name to Doosan Enerbility

[Asia Economy Reporter Park Sun-mi] Doosan Heavy Industries, which has graduated from creditor management, is pushing to change its name to 'Doosan Enerbility' for the first time in 22 years.

According to the industry on the 28th, Doosan Heavy Industries completed the trademark and domain application under the name Doosan Enerbility last month. A Doosan Heavy Industries official stated, "The name change has not been finalized yet, but it is a matter in progress." Accordingly, Doosan Heavy Industries plans to finalize the name change at the board of directors and shareholders' meeting next month.

This will be the first name change for Doosan Heavy Industries in 22 years. After being acquired by Daewoo Group in the 1980s, the company changed its name to Korea Heavy Industries, and later, at the end of 2000, it became Doosan Heavy Industries after being transferred to Doosan Group.

Meanwhile, as of today, the creditor management system under the financial structure improvement agreement (MOU) signed between the Korea Development Bank, the Export-Import Bank of Korea, and Doosan Group has ended, and Doosan Heavy Industries has graduated from creditor management about 1 year and 11 months after requesting emergency funding in March 2020.

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