Friday, October 6, 2023

Doosan Robotics is South Korea’s biggest IPO of 2023

By 2017, Doosan Robotics had the capacity to build more than 10,000 cobots a year at its 4,451-square-meter factory in the Suwon Industrial Complex in Gyeonggi province.

Doosan reported $33.3 million in revenue in 2022, evenly distributed between North America, Europe, and South Korea. Chief executive Ryu Junghoon said proceeds from the IPO will be used to acquire robotics firms specializing in mobility, and expand the company's global presence.

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Publisher: Quartz
Date: 2023-10-05T19:15:00.365Z
Twitter: @qz
Reference: (Read more) Visit Source



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