S.Korea's Doosan units scrap merger plan after martial law hit stock prices (updated)

Doosan Enerbility Co

10/12/2024 06:38

(Adds quote, background)
       SEOUL, Dec 10 (Reuters) - South Korea's Doosan
Enerbility  034020.KS  said on Tuesday it had dropped a plan to
spin off its business and combine it with affiliate Doosan
Robotics  454910.KS , saying an "unexpected change in the
external environment" had led to sharp stock price falls for
both companies.  
    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.  

 (Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Tom
Hogue and Himani Sarkar)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))