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Company History and Overview: Daewoo

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Company History and Overview: Daewoo
Daewoo
From Wikipedia, the free encyclopedia
For other uses, see Daewoo (disambiguation). Daewoo | Former type | chaebol | Fate | Bankrupt | Founded | March 22, 1967 | Defunct | August 26, 1999 | Headquarters | Seoul, South Korea | Key people | Kim Woo-jung, founder |

Daewoo | Hangul | 대우 | Hanja | 大宇 | Revised Romanization | Dae-u | McCune–Reischauer | Taeu |
Daewoo (Korean for "Great Universe") or the Daewoo Group was a major South Korean chaebol (conglomerate). It was founded on 22 March 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999. Prior to the Asian Financial Crisis of 1998, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung Group. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies.

Former Daewoo Group Headquarters (Now Seoul Square Building). * |
Corporations

The That-El-Emad towers built by Daewoo Corporations Construction Div. in Tripoli, Libya
There were about 20 divisions in the Daewoo Group, which before the crisis was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung Group.
Daewoo Group had under its umbrella several major corporations: * Daewoo Motor, the motor vehicles division (sub-branch Daewoo Automotive Components Co. Ltd., Daewoo Bus Co., Ltd., Daewoo Commercial Vehicle Co. Ltd.) * Daewoo Motor Sales, an auto sales company selling Daewoo but also GM cars and others in Korea (Sub-branch : Architectural Iaan Div., SAA-Seoul Auto Auction) * Daewoo Electronics, a strong force both internationally and in Korea (sub-branch Daewoo Electronic Components Co. Ltd, Daewoo Electric Motor Industries Ltd., Orion Electric Co. Ltd.) * Daewoo Precision Industries produced small calibre firearms and auto parts. It was spun off in February 2002 and relisted on the Korean stock-market in March 2002. It was renamed S&T
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