Daewoo Shipbuilding & Marine Engineering Co., Ltd
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Daewoo Shipbuilding & Marine Engineering
Co., Ltd - Company Capsule
Reference Code: BR0238CC
Published Date: April 2011
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Page 1
Company Capsule
Daewoo Shipbuilding & Marine Engineering Co., Ltd
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Company Overview
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) is a Korea-based manufacturer of offshore structures and
ships. The company is engaged in manufacturing of commercial ships and offshore structures for oil and gas exploration
and production industries. Commercial ships manufactured by the company include oil tankers, liquefied petroleum gas
(LPG) carriers, liquefied natural gas (LNG) carriers, pure car carriers and containerships. DSME's offshore structures
include drillships, fixed platforms, drilling rigs and FPSO vessels. In addition, the company is also involved in building
naval vessels such as rescue ships, submarines, patrol ships and destroyers. It also manufactures rings for gas and oil
exploration and production industries. The company operates its business through three reportable segments, namely,
Shipbuilding, Offshore Plants, and Others. DSME is headquartered in Seoul, Republic of Korea.
Financial Performance
The company reported revenue of KRW 12,442,519 million during the fiscal year ended December 2009. The company's
revenue grew at a CAGR of 5.99% during the period 2007-2009 with a year on year growth of 12.35% over fiscal year
2008. During the fiscal year 2009, its operating margin was 5.5% as against an operating margin of 9.31% in fiscal year
2008. During the fiscal year 2009, the company registered a net margin of 4.64% as against a net margin of 3.63% in the
fiscal year 2008.
Daewoo Shipbuilding & Marine Engineering Co., Ltd - Key Facts
Daewoo Shipbuilding & Marine Engineering Co., Ltd, Key Facts
85, Dah-Dong, Seoul, , 100-714,
Ticker Symbol, Stock 042660 (Korea Stock
Corporate Address: Republic of Korea Exchange(KOSE))
Exchange
Telephone + 82 2 21290114 No. of Employees 31,000
Fax + 82 2 21290084 Financial Year End December
URL www.dsme.co.kr Revenue (in KRW Million) 12,442,519.00
Energy and Utilities , Transport
Industry and Logistics
Revenue (in USD Million) 9,727.71
Australia, China, Japan, Republic of Korea, Greece, Norway, Romania, United Kingdom, Angola,
Locations
Nigeria, United Arab Emirates, United States
Source: Annual Report, Company Website, Primary and Secondary Research
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Company Page 2
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Daewoo Shipbuilding & Marine Engineering Co., Ltd
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Major Products and Services
Daewoo Shipbuilding & Marine Engineering Co., Ltd. builds ships and offshore structures. Key products of the company
include the following:
Daewoo Shipbuilding & Marine Engineering Co., Ltd, Major Products and Services
Products:
Commercial ships:
Liquefied natural gas (LNG) carriers
Oil tankers
Container Carriers
Liquefied petroleum gas (LPG) carriers
RoRo
Passenger Ship
Bulk Carrier
Submarine
Warships
Support vessels for military marine operations
Offshore structures:
FPSO vessels
Drilling rigs
Drillships platforms
Fixed platforms
Onshore Plant
Automobile Carrier
Source: Annual Report, Company Website, Primary and Secondary Research
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Company Page 3
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Daewoo Shipbuilding & Marine Engineering Co., Ltd
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Key Competitors
The following companies are the major competitors of Daewoo Shipbuilding & Marine Engineering Co., Ltd:
Dae Sun Shipbuilding & Engineering Co.
Samsung Heavy Industries Co., Ltd.
C & HEAVY INDUSTRIES CO., LTD.
STX OFFSHORE & SHIPBUILDING
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Key Employees
Daewoo Shipbuilding & Marine Engineering Co., Ltd, Key Employees
Name Job Title Board Level Since Age
Bang Eon Jung Managing Director Senior Management 2006 56
Byeong Mo Lee Managing Director Senior Management 2006 52
Deuk Sang Jang Director Non Executive Board 2009 63
Dong Gak Kim Director, Vice President Executive Board 2009 56
Dong Hyeok Park Managing Director Senior Management 2006 53
Gil Hoon Bae Director Non Executive Board 2009 63
Gyu Sang Moon Vice President Senior Management 2009 55
Hee Joon Song Director Non Executive Board 2009 57
Jae Ho Goh Vice President Senior Management 2007 54
Director, Chief Executive Officer,
Sang Tae Nam Executive Board 2006 60
President
Se Young Ahn Director Non Executive Board 2008 57
Seong Geun Lee Managing Director Senior Management 2007 53
Tae Jin Hwang Managing Director Senior Management 2006 54
Tae Yik Cho Managing Director Senior Management 2009 53
Wan Su Ryu Managing Director Senior Management 2005 53
Won Gang Gi Vice President Senior Management 2005 56
Yeong Kim Director Non Executive Board 2009 67
Yeong Man Lee Managing Director Senior Management 2006 53
Yeong Ryeol Goh Managing Director, Managing Director Senior Management 2007 53
Yong Man Kim Managing Director Senior Management 2006 55
Yong Seop Han Managing Director Senior Management 2009 54
Yu Hun Kim Director, Vice President Executive Board 2009 56
Source: Annual Report, Company Website, Primary and Secondary Research
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Daewoo Shipbuilding & Marine Engineering Co., Ltd
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Daewoo Shipbuilding & Marine Engineering Co., Ltd - Locations and Subsidiaries
Head Office
Daewoo Shipbuilding & Marine Engineering Co., Ltd
85, Dah-Dong
Seoul
Zip: 100-714
Republic of Korea
Tel: + 82 2 21290114
Fax: + 82 2 21290084
Other Locations & Subsidiaries
Daewoo Shipbuilding & Marine Engineering Co., Ltd, Subsidiaries
Daewoo-Mangalia Heavy Industries Co., Ltd. DeWind Corporation
1, Portului Street 3 Park Plaza Suite 1920
Mangalia City Irvine
Zip: 905500 Zip: 92614
Romania United States
Tel: + 40 241 70 62 00 Tel: + 1 949 2509491
Fax: + 40 241 75 60 60 Fax: + 1 949 2509492
DSEC Corporation