Laying the foundation of success started early for the Doosan Company. In 1896, Park Seung-jik opened a small store in Seoul, Korea, that made and sold a cosmetic powder – 29 years later this store would be named ‘Doosan Store’ and become a corporation. Doosan is made up two Korean words: ‘Doo’ means a unit of grain, while ‘San’ means a mountain. Together they mean ‘little grains that can build a mighty mountain’.
The Doosan Trading Company was established in 1951, leading them into the machine industry. Yoohan Machinery sets Doosan up to be integral in developing Korea’s infrastructure in the 1960’s. Just 20 years later, Doosan consolidates its businesses and emerges as a major conglomerate.