| KG Steel Co., Ltd. | |
| Native Name: | KG스틸 주식회사 |
| Native Name Lang: | ko |
| Former Name: | Dongbu Steel (1985-2020) KG Dongbu Steel (2020-2022) |
| Type: | Public |
| Industry: | Steel |
| Hq Location City: | Seoul |
| Hq Location Country: | South Korea |
| Key People: | Park Sung-hee (CEO) |
| Products: | Steel Cold-Rolled, steel sheet, steel and iron coating |
| Parent: | KG Group |
KG Steel Co., Ltd. is a South Korean multinational corporation that produces steel-related and cold-rolled products.
In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business.[1] Dongbu Steel reached an agreement with creditors to undergo a debt workout program.[2] Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support.[3] The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders.[4] Dongbu Steel then sold off an electric furnace used for steel production.[5] In May 2016, Dongbu Steel was taken off sale.[6] In 2019, the company was acquired by a consortium led by KG Group companies and Cactus Private Equity.[7]