S Korea's Doosan units scrap merger plan after martial law hit stock prices

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The story "S Korea&#039;s Doosan units scrap merger plan after martial law hit stock prices" was covered 2 weeks ago by Channel News Asia, a news publisher based in Singapore.

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S Korea's Doosan units scrap merger plan after martial law hit stock prices - Channel News Asia

Quick Summary:

SEOUL : South Korea's Doosan Enerbility said on Tuesday it had dropped a plan to spin off its business and combine it with affiliate Doosan Robotics, saying an "unexpected change in the external environment" had led to sharp stock price falls for both companies.

FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017.

Shares of nuclear power-related companies like Doosan Enerbility fell following South Korean President Yoon Suk Yeol's short-lived imposition of a martial law last week that sparked concerns about his policy initiatives.