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Daewoo
Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $ billion in ). Prior to the 1997 Asian financial crisis, Daewoo was the second largest conglomerate in South Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. History Beginning and development The Daewoo Group was founded by Kim Woo-choong in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Motors
Daewoo Motors ( ) was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running into financial difficulties,Daewoo Motor plunges into bankruptcy on ''The Guardian'', 8 Nov 2000 it sold most of its assets in 2002 to at $1.2 billion, becoming a of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zyle Daewoo Commercial Vehicle
Zyle Daewoo Bus, formerly "Zyle Daewoo Commercial Vehicle" is a South Korean manufacturer of buses and is majority owned by Young-An Hat Company, based in Busan. It was established in 2002 as a successor to previous merger, Daewoo Motor Company. These buses are primarily used for public transportation. Daewoo Bus has been in a partnership in 2006 with GM Daewoo (now GM Korea). Operations Current Production Daewoo Bus' principal subsidiaries and partners are: *Zyle Daewoo Bus Corporation (Ulsan, South Korea *Shanghai Wanxiang Daewoo Bus (Shanghai, China) *Guilin Daewoo (Guilin, China) *Daewoo Bus Costa Rica S.A. ( San José, Costa Rica) *Daewoo Bus Vietnam ( Vĩnh Phúc, Vietnam) *Daewoo Bus Kazakhstan (Semey, Kazakhstan) *Daewoo Pak Motors (Pvt.) Ltd. (Karachi, Pakistan) *Columbian Manufacturing Corporation (Santa Rosa, Laguna, Philippines) *Master Transportation Bus Manufacturing Ltd. (Taiwan) *Daewoo Bus Myanmar (Yangon, Myanmar) Former Production Daewoo Bus Busan Plant. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Electronics
Winia Electronics, formerly named Daewoo Electronics, is a South Korean home appliances company and a member of South Korean Winia Group. Established in 1971, it has since grown into a global business with more than 64 production sites, research and development and sales centres in more than 40 countries worldwide. Daewoo Electronics Sales UK (DESUK) was established in November 1993. It is the third largest electronics firm of South Korea after Samsung and LG. The company manufactures a range of electronics and home appliances also some automotive electronic equipments and accessories by being the OEM to assist its parent company's motor vehicle subsidiaries Daewoo Motors which is currently divided among US based Korean automotive manufacturer GM Korea & Tata Daewoo the manufacturer of Daewoo Heavy Diesel Commercial vehicles. Venture into computers The Daewoo CPC-300 was a home computer based on the MSX standard, and produced by a Korean company Daewoo Electronics Co. Ltd. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winia Electronics
Winia Electronics, formerly named Daewoo Electronics, is a South Korean home appliances company and a member of South Korean Winia Group. Established in 1971, it has since grown into a global business with more than 64 production sites, research and development and sales centres in more than 40 countries worldwide. Daewoo Electronics Sales UK (DESUK) was established in November 1993. It is the third largest electronics firm of South Korea after Samsung and LG. The company manufactures a range of electronics and home appliances also some automotive electronic equipments and accessories by being the OEM to assist its parent company's motor vehicle subsidiaries Daewoo Motors which is currently divided among US based Korean automotive manufacturer GM Korea & Tata Daewoo the manufacturer of Daewoo Heavy Diesel Commercial vehicles. Venture into computers The Daewoo CPC-300 was a home computer based on the MSX standard, and produced by a Korean company Daewoo Electronics Co. Ltd. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SNT Motiv
SNT Motiv Co., Ltd (formerly S&T Motiv and previously Daewoo Precision Industries/S&T Daewoo) is a South Korean firearms and auto parts manufacturer founded in 1981. Its firearms equip most frontline units of the Republic of Korea Armed Forces. History Daewoo Precision Industries Co., Ltd was established in December 1981 as a wholly owned subsidiary of Daewoo to manufacture small arms, and upright/grand pianos under the Sojin and Daewoo brands. The Sojin musical instrument factory of Yeoju, Korea, had been purchased by Daewoo in 1977. Sojin produced guitars, and commenced manufacture of upright pianos in 1976. Between 1980 and 1991, Daewoo exported pianos under the following names; Sojin, Royale, Daytron, Daewoo, Schafer & Sons, Sherman Clay (until 1987), and Cline, in addition to private labels. In 1986, the company diversified into auto parts manufacture, followed by digital pianos in 1989. In 1990, the company produced 13,452 upright, 2,364 grand, and 2,120 digital pianos. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
POSCO International
POSCO International Corporation (포스코인터내셔널) is South Korea's largest trading company and a subsidiary of POSCO. The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction. In 1999, the company faced at least $50 billion in debt, Daewoo became formally dismantled. In 2000, as Daewoo Group Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomera ... faced work-out program, Daewoo Industrial Co., Ltd's trading segment was split and established as "Daewoo International Corporation". Afterwards, it succeeded general trading license and was listed on stock market back again. In 2016, Company name changed "Daewoo International" to "POSCO Daewoo". After merge with Posco P&S in 2017, the company name was changed t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Motor Sales
Zyle Motors (formerly, Daewoo Motor Sales, ) is an auto sales company headquartered in Seoul, South Korea. It was established in 1991. Daewoo Motor Sales operates dealerships in South Korea which sell buses from Zyle Daewoo Commercial Vehicle (formerly, "Daewoo Bus"). It is the largest motor sales company in Korea. History Daewoo Motor Sales was a partner in MMSK Corporation, a joint venture involved in the import and distribution of vehicles from Mitsubishi Motors. 85% of the venture was owned by Daewoo Motor Sales, with the remaining 15% owned by Mitsubishi Corp and Mitsubishi Corp (Korea) Ltd. Retail sales in South Korea of Mitsubishi cars imported from Japan and the U.S. commenced in the second half of 2008. MMSK Corporation stopped importing U.S.-sourced Eclipse coupes a few years later. Daewoo Motor Sales also operates Seoul Auto Auction, South Korea's largest auto auction. It also operates a network of pre-owned car dealerships. In 1996, Daewoo Development established t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Dissolution And Corruption Scandal
The Daewoo dissolution and corruption scandal was a 1999-2006 scandal in South Korea involving the bankruptcy of Daewoo, then-country's second largest company, and a subsequent corruption investigation, involving arrests, escapes and eventual conviction of dozens of company's top executives. The resulting scandal has been described as one of the biggest scandals in South Korea. Background Daewoo was a major South Korean conglomerate. Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea. By 1999, Daewoo went bankrupt, with debts of about US$50-80 billion. Corruption scandal Soon after the demise, South Korean prosecutors filed charges against over 40 top executives, in what BBC described as the Daewoo corruption scandal. This was related to the discovery that company's auditors concealed the amount of debt, and that bribes of about 470 billion won were involved (close to US$400 million). Loss from bribery and corruption has been estimated to over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mirae Asset Securities
Mirae Asset Securities Co., Ltd. () is the largest investment banking and stock brokerage company by market capitalization in South Korea. Mirae Asset Securities has been merged with Daewoo Securities as the end of December 2016. Overview Mirae Asset Securities is a financial services company that provides brokerage services, investment banking, wealth management, IPO underwriting and various consulting services. History Mirae Asset Securities was founded in 1999, a year after Mirae Asset Global Investments, Korea's first retail mutual funds offering asset management company, was founded. In the meantime, Daewoo Securities was founded in 1970 as a part of the conglomerate Daewoo Corporation. Daewoo Securities was spun off from the Daewoo Corporation in 1999 and has merged to Korea Development Bank and merged with Mirae Asset Securities as of the end of 2016. In January 2016, Mirae Asset Securities succeeded bidding to buy a 43 percent stake in Daewoo Securities for 2.39 tri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Shipbuilding & Marine Engineering
Daewoo Shipbuilding & Marine Engineering Co., Ltd ( ko, 대우조선해양; abbreviated DSME) is one of the "Big Three" shipbuilders of South Korea, along with Hyundai and Samsung. History On 21 February 2011, the A. P. Moller-Maersk Group (Maersk) ordered 10 large container ships from DSME, each with a capacity of 18,000 containers, surpassing the then record holder; the Mærsk E-class at 15,200 containers. The contract is worth $1.9bn. The first was to be delivered in 2014. In June 2011, Maersk ordered ten more, for another $1.9bn. The new class is called the Triple E class. On December 20, 2011, Daewoo Shipbuilding Marine Engineering won the largest single defense contract by a Korean firm; valued at $1.07 billion to build three Indonesian submarines. It also would mark the first exports of submarines from South Korea. On 22 February 2012, a £452 million order was placed with DSME for four 37,000 tonne double hulled 'MARS' fast fleet tankers by Britain's Ministry of D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Woo-choong
Kim Woo-Choong (December 19, 1936 – December 9, 2019) was a South Korean businessman who was the founder and chairman of Daewoo Group until its collapse in 1999. Background Born in Daegu, he was the son of the provincial governor. He was a newspaper delivery boy when he was a youngster, helping a family that depended almost solely on him during a brief period. He graduated from the prestigious Kyunggi High School, then finished with an Economics Degree at Yonsei University in Seoul. His father was the teacher or mentor of future President, Park Chung Hee, who in turn supported Kim to a great degree both financially and business-wise. Daewoo After graduating from Yonsei, he entered a small trading corporation specializing in textiles and clothing. He left and created Daewoo Industries with five other associates. Using his connections in the alumni of the Yonsei and with political backing, he managed to do well, and consecutively bought many different companies. Daewoo Group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corona Data Systems
Corona Data Systems, later renamed Cordata, was an American personal computer company. It was one of the earliest IBM PC compatible computer system companies. Manufacturing was primarily done by Daewoo of Korea, which became a major investor in the company and ultimately the owner. History Founded in mid-1981 by Robert Harp, who co-founded Vector Graphic. Along with Harp, the firm was co-founded by Robert Steven Kramarz who at age 31 was employee #1 and General Manager. Daniel R. Carter was named as CEO a year later. By 1984, Corona employed 280 people. In mid-1985 the firm received fresh capital from the Daewoo Group of South Korea who acquired a controlling interest. Corona Data System's first products were 5MB and 10MB external hard drives with interface cards and software to connect them to the Apple II and the IBM PC. The drives were sold under the brand name ''Starfire'' (''Starfire 5'' and ''Starfire 10''). The original Corona PC was later released in 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
