Dongwon believed that Korea will thrive in ocean-related industries in 1969.
Dongwon pioneered the ocean business to lead a bright future for Korea.
Dongwon weighed anchor and pioneered the field of sea farming by fighting against raging waters.
Dongwon has proved there is a promising future, even during dark times for the national economy.
Innovation calls for changes. Dongwon took that call and stepped into the sea. Using trust as a strong anchor, Dongwon started its business against the rough waves.
Dongwon shone light into the dark Korean economy and showed signs of new possibilities. Dongwon has come forth with devotion and a challenging mindset in the manufacturing, local marine products industry and other divisions. We have increased our competition level with an addition of partitioning the Finance Group (Korea Investment Holdings Co. Ltd. ) and have been becoming stronger in the field of manufacturing industry, physical distribution industry, financial banking industry and so forth, to advance in the quality of the lifestyle culture.
October, 2008, South Korea’s Dongwon Enterprise spend around $363 million to acquire the Starkist seafood brand and related manufacturing from Del Monte Foods, USA.
Del Monte is selling its manufacturing capabilities in American Samoa, Manta (Ecuador) and certain manufacturing assets in Terminal Island, California and Guayaquil, Ecuador. Dongwon will take over all plant employees plus 34 other salaried positions.
The group operates fishing vessels in different fishing grounds in the world through its subsidiary Dongwon Fisheries.
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The following is an excerpt from The Namibian
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