Daesung Group ( hanja: 大成) is a South Korean chaebol originally founded as Daesung Industrial Corporation in Daegu in 1947 by Chairman Kim Soo-keun (1915–2001). Beginning with the briquette business with just a dozen employees,[1] the company has since expanded into oil, city gas, renewable energy (solar heat, solar power, wind power, fuel cells, etc.), and environmental energy (LFG, RDF, biogas). Since 2001, the company has been divided into two entities: Daesung Joint Holdings (Chairman Kim Young-dae), centered around Daesung Industrial, and Seoul City Gas Group (Chairman Kim Young-min), operating independently both financially and operationally. The two brothers do not share any business entities, and their sister bought the fashion brand MCM.[1]
Daesung Group's major energy subsidiaries include Daesung Energy Co., Ltd., Daesung Clean Energy Co., Ltd., and Daesung Environmental Energy Co., Ltd.
Since Chairman Kim Young-hoon announced his second founding in 2000, Daesung Group has expanded beyond energy into diverse sectors, including the environment, construction, IT, finance, culture, education, and media. In particular, the group is focusing its investments on cultural content businesses, including IT, publishing, film, broadcasting content, music, games, and animation, centered around its affiliates, including the portal site Korea.com, Daesung Corporation, and Daesung Venture Investment.