Dongwon Group s new chairman is drawing keen attention from industry watchers as to how he will steer the group to further expand its markets from its signature canned tuna and food products to non-food industries such as ship operation, logistics and rechargeable batteries, according to the country s major conglomerate, Friday.
Dongwon Group s new chairman is drawing keen attention from industry watchers as to how he will steer the group to further expand its markets from its signature canned tuna and food products to non-food industries such as ship operation, logistics and rechargeable batteries, according to the country s major conglomerate, Friday.
Dongwon Industries, the holding firm of Dongwon Group, signed a memorandum of understanding with Boryung Partners recently to acquire a controlling stake in Boryung Biopharma, which is estimated to be worth 500 billion won ($384 million). Once the acquisition deal is finished, Dongwon Group will be able to enter the biopharmaceutical industry for the first time in its 54-year history.