Doosan Corporation is a South Korean multinational conglomerate headquartered in Seoul. The company stands as the oldest running business in South Korea, with roots dating back to 1896. Doosan has evolved from a small retail store into one of the world’s largest heavy equipment manufacturers.
Today, Doosan operates across multiple sectors including power generation, desalination, construction equipment, robotics, and fuel cells. The conglomerate manages various subsidiaries such as Doosan Enerbility, Doosan Bobcat, Doosan Fuel Cell, and Doosan Robotics. The company’s global presence spans Asia, North America, Europe, the Middle East, and Oceania.
Doosan has built over 400 nuclear, thermal, and combined-cycle power plants worldwide. The corporation holds proprietary technologies for all three major desalination types and continues expanding into clean energy and automation sectors. Similar to other major heavy industries companies, Doosan has diversified its operations significantly over the decades.
Doosan Corporation History
Doosan Corporation Co-founder
Doosan Corporation Competitors
Doosan competes with global heavy equipment manufacturers across construction, power generation, and industrial machinery sectors. The company maintains strong positions in compact equipment through Bobcat and in energy solutions through Doosan Enerbility.
Major competitors include established players like Caterpillar and Komatsu. In the construction equipment segment, Doosan Bobcat faces competition from companies serving similar markets globally.
| Company | Headquarters | Primary Sector |
|---|---|---|
| Caterpillar Inc. | United States | Construction & Mining Equipment |
| Komatsu Ltd. | Japan | Construction & Mining Equipment |
| Volvo Construction Equipment | Sweden | Construction Equipment |
| John Deere | United States | Agricultural & Construction |
| Hitachi Construction Machinery | Japan | Construction Equipment |
| JCB | United Kingdom | Construction Equipment |
| Kubota Corporation | Japan | Agricultural & Construction |
| XCMG | China | Construction Machinery |
| Sany Heavy Industry | China | Heavy Machinery |
| Liebherr Group | Switzerland | Construction & Mining |
Doosan Corporation Acquisitions
Doosan has pursued aggressive acquisition strategies since 2001 to expand its industrial capabilities globally. These acquisitions transformed the company from a domestic conglomerate into a multinational heavy equipment powerhouse.
In 2001, Doosan acquired Korea Heavy Industries & Construction, gaining expertise in power generation and desalination. This acquisition marked the beginning of Doosan’s shift toward heavy industry. The company followed up with Koryeo Industrial Development in 2004 and Doosan Infracore (formerly Daewoo Heavy Industries & Machinery) in 2005.
The year 2006 brought significant European expansion through the acquisition of Mitsui Babcock UK (renamed Doosan Babcock), a boiler engineering company. Doosan also acquired Kvaerner IMGB, Europe’s largest casting and forging company based in Romania. These moves strengthened Doosan’s power generation capabilities.
The landmark 2007 acquisition of Bobcat from Ingersoll Rand for $4.9 billion represented the largest overseas acquisition by a Korean company at that time. This deal included Bobcat’s compact equipment business, utility equipment, and attachments divisions across manufacturing facilities in North America and Europe. The acquisition placed Doosan among the top 10 construction equipment manufacturers globally.
Doosan continued expanding through the acquisition of Advanced Technology Lubben (Germany) in 2008 and Skoda Power (Czech Republic) in 2009. The Skoda Power acquisition added steam turbine manufacturing capabilities. In 2012, Doosan Heavy Industries acquired Enpure, a UK-based water treatment company. Most recently, Doosan launched Doosan Tesna in 2022 by acquiring Korea’s leading semiconductor wafer testing company.
Doosan Corporation Market Cap
Doosan Corporation trades on the Korea Stock Exchange under ticker symbol 000150. As of early 2025, the company’s market capitalization reached approximately $9.13 billion USD. The market cap increased significantly over 300% in the past year.
Doosan Corporation Revenue
Doosan Corporation generated $13.13 billion USD in revenue for fiscal year 2024, representing a 9.7% decrease from the previous year. Revenue figures reflect the consolidated performance across the company’s diverse business segments.
The company’s revenue has fluctuated over the past decade, reaching peaks of over $16 billion in 2018. Similar to other South Korean conglomerates like Korea Electric Power, Doosan’s financial performance reflects broader economic conditions and industry cycles.
FAQs
When was Doosan Corporation founded?
Doosan Corporation was founded in 1896 by Seung-Jik Park in Seoul, South Korea. The company started as Park Seung-Jik Store, Korea’s first modern retail establishment, making it the oldest running company in South Korea.
What does Doosan Corporation manufacture?
Doosan manufactures heavy equipment, power generation systems, construction machinery, industrial robots, fuel cells, and electronic materials. The company operates through subsidiaries including Doosan Bobcat, Doosan Enerbility, and Doosan Robotics.
Does Doosan own Bobcat?
Yes, Doosan acquired Bobcat from Ingersoll Rand in 2007 for $4.9 billion. Doosan Bobcat remains a major subsidiary and ranked 10th globally in construction equipment sales. The company rebranded its portable power products under the Bobcat name.
Where is Doosan Corporation headquartered?
Doosan Corporation is headquartered in Seoul, South Korea. The conglomerate maintains global operations across Asia, North America, Europe, the Middle East, and Oceania through its various subsidiaries and manufacturing facilities.
What is Doosan Corporation market cap?
Doosan Corporation’s market capitalization reached approximately $9.13 billion USD as of early 2025. The company trades on the Korea Stock Exchange under ticker symbol 000150 and experienced significant market cap growth exceeding 300% year-over-year.
Information from Forbes.com, Wikipedia.org, and www.doosan.com/en. Doosan Corporation operates as a diversified holding company with interests across multiple industrial sectors. The company structure includes key affiliates such as Volvo Construction Equipment competitors and partnerships with automotive suppliers like Hyundai Motor ecosystem companies.
