Doosan Infracore held the 10th General Meeting of Stockholders at the Incheon Chamber of Commerce & Industry on March 26.

At the general meeting, Doosan Infracore reported and received approval for last year’s business results, including 2.6632 trillion KRW in sales, 225.3 billion KRW in business profits and a net profit of 311.1 billion KRW. Also, the following six additional items were dealt with: ▲ approval of 10th financial statements, including the balance sheet, income statement and deficit statement ▲ partial amendment of articles of incorporation ▲ designation of directors ▲ approval of director wage limits ▲ authorization of stock options

In addition, Gil-Won Kim (Head of M&A at Nexia Samduk) was appointed as a new outside director and inspection commissioner, and Jong-Seok Kim (Professor of Management at Hongik University) was appointed as an inspection commissioner.

Meanwhile, Vice-President Seung-Cheol Choi stated that “this year, we will fulfill our aggressive sales target of 20% growth compared to last year by acquiring competitive fundamental production costs and improving quality recognized by customers, establishing a management infrastructure to realize a global Doosan and concentrating business capabilities so that we may make 2010 a turning point in our drive toward a takeoff after overcoming a crisis.”