Page 2 - Doosan Engineering News Today

When prosecutors were investigating key officials at Seongnam Development Corp. last year for alleged corrupt business deals with property developers in the past, Lee Jae-myung, the citys former mayor, denied close ties with any of them. Speaking to reporters on Oct. 3, 2021, Rep. Lee, now the chief of the main opposition Democratic Party of Korea (DPK), had said that only a few people, such as Kim Yong and Jeong Jin-sang, deserved to be called his “close aides.”

Prosecutors on Friday indicted a former CEO of Doosan Engineering Construction and an official of Seongnam City in connection with alleged corruption involving opposition leader Lee Jae-myung. The case centers on allegations that the city government of Seongnam, just south of Seoul, had attracted about 16 billion won ($11.2 million) in donations from six corporations, including Doosan, to its pro-football club in return for business favors in the mid-2010s.

Prosecutors raided 10 corporate offices, including internet portal Naver, Monday, over allegations that Lee Jae-myung, chairman of the main opposition Democratic Party of Korea (DPK) who served as mayor of Seongnam from 2010 to 2018, received donations from companies via Seongnam FC, the citys football club. The Seongnam branch of the Suwon District Prosecutors Office sent prosecutors and investigators to the offices to search and seize documents related to the case.

Prosecutors raided internet portal giant Naver and nine other entities Monday in connection with allegations of opposition leader Lee Jae-myungs third-party bribery surrounding corporate donations to a football club years ago.

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Lee is suspected of changing the city's usage purpose for a 9,900-square-meter section of land owned by Doosan in the Bundang district from a hospital to commerce in return for the company's donation provided in the name of advertising expenses.

Lee is suspected of changing the city's usage purpose for a 9,900-square-meter section of land owned by Doosan in the Bundang district from a hospital to commerce in return for the company's donation provided in the name of advertising expenses.

Doosans wind power turbines installed off the coast of Jeju Island, Korea Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Gr

Moon-Biden summit boosting Doosan Heavy shares

Cash-strapped Doosan Heavy improves financial health via self-rescue plan | This file photo, provided by Doosan Heavy Industries & Construction Co. on Aug. 12, 2020, shows a view of the power plant builders plant in Changwon, 398 kilomters south of Seoul. (Doosan Heavy Industries & Construction Co.) Cash-strapped Doosan Heavy Industries & Construction Co. has improved its financial health this year by selling new shares and assets and receiving financial help from its holding company Doosan C...