The technical expertise of Daesung Group has earned the trust of its customers. Further, the Group has maintained stable growth by not only focusing on new and renewable energy, but also by expanding into a variety of fields including the information and communications sector. However, Daesung Group concluded it was essential to introduce an advanced corporate governance structure to evolve into a world-class company which could appropriately respond to dramatic changes in the business environment. Moreover, Daesung Group feels a more independent and transparent accountability management system will become especially important for its mid- and long-term development and, therefore, decided to adopt a new management paradigm -- the holding company system.

Daesung Holdings was listed on the stock exchange on October 1, 2009. The new firm will handle mainly management consulting, M&As, legal checks of management efficiency as well as audits and inspection under a holding company structure. Daesung Group’s affiliates: Daegu City Gas, Daesung Global Network, Taegu Energy & Environment, etc., will concentrate on strengthening the Group’s core competencies and increase independent corporate value. Daesung Holdings will focus on educational contents in addition to information and communications.

Daesung Group hopes to display mobility, an essential factor in leading the global market, through the holding company system in order to react quickly in a rapidly changing corporate environment. Many well-known companies have already adopted this system in order to meet global standards for corporate governance. Based on a transparent management system, Daesung Group will ensure that our standards become global standards and global standards become Daesung’s standards. Daesung Group, as it serves the public interest and needs of humanity, will continue its efforts to create new future by successfully overcoming challenges.