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Doosan drops bid interest in Daewoo shipyard-report

Sun Aug 17, 2008 10:01pm EDT

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SEOUL, Aug 18 (Reuters) - South Korea's Doosan Group will not participate in bidding for Daewoo Shipbuilding & Marine Engineering Co Ltd (042660.KS), a local report said on Monday.

Online news outlet EDaily said the business group, whose units include Doosan Heavy (034020.KS) and Doosan Infracore (042670.KS), would focus on its existing businesses.

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)



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