Doosan Infracore held the annual General Shareholders’Meeting at the Incheon Chamber of Commerce on March 16. The agenda covered six main items of business: approval of the financial statements (balance sheet, income statement and statement of retained earnings) for Fiscal Year 2006, partial amendment of the Articles of Incorporation, appointment of directors, approval of the directors’ompensation limit, and granting of stock options.
  According to the 2006 performance report, the company achieved more than W3.28 trillion in sales, W243.9 billion in operating income, W191.2 billion in ordinary income, and W135.7 billion in net profit. The shareholders approved proposed changes to company regulations regarding stocks, bonds, the general shareholders’ meeting, directors and the board of directors. In addition, Sr. Vice President Yang Hee-sun of the Corporate Finance & Accounting Division was named an in-house director, while Noh Hoon-gun (former chairman & CEO of the Korea Securities Depository), Shin Myoung-gyoon (former director of the Judicial Training & Research Institute) and Shin Hee-taek (former liaison officer for the Korean Bar Association) were all appointed to serve as outside directors.
  In his address, Doosan Infracore President Choe Sung-chul said:
  “Our 2007 targets are to increase sales twelve percent year on year to just under W3.69 trillion and to raise operating income twenty-eight percent to W311.7 billion. We are firmly committed to reaching these goals.
  Our stated goals by 2010 are to achieve W1 trillion in operating income on W10 trillion in sales. Further on, we aspire to join the global Top 5 in the infrastructure support business. To this end, we will lay the groundwork for global competition by achieving economies of scale, striving constantly for the best quality, continuously innovating our operations and securing global leadership.”