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Daewoo
Daewoo ( ; ; ; ; 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 third largest conglomerate in South Korea, behind the Hyundai Group and LG Corporation, Lucky-Goldstar (later became LG Corporation). 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Motors
Daewoo Motors ( ) was a South Korean Automotive industry, 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, 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 General Motors at $1.2 billion, becoming a subsidiary of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed GM Korea and the Daewoo brand replaced by the Chevrolet marque.I ... [...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, 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, Santa Rosa, Laguna (province), Laguna, Philippines) *Master Transportation Bus Manufacturing Ltd. (Taiwan) *Daewoo Bus Myanmar (Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Motor Sales
Zyle Motors () was an auto sales company established in 1966 and headquartered in Seoul, South Korea. It operated car dealerships in South Korea that sold vehicles manufactured by Daewoo Motors and its successors and partners. It was the largest motor sales company in Korea. History Daewoo Motor Sales began as the sales division of Daewoo Motors. In January 1993, Daewoo Motor Sales Co, Ltd. was separated from Daewoo Motors and created as a subsidiary of the Daewoo Group. Later that year, to avoid securities regulation restricting the public listing of newly-formed companies, Daewoo Motor Sales announced a merger with HanDok, which operated businesses in watchmaking and amusement park development. In 1995, now operating as Woori Automobile Sales Co., Ltd., Daewoo Motor Sales formally merged with Handok. In 1997, Handok Construction, originally a subsidiary of Handok, was also merged with Daewoo Motor Sales. Daewoo Motor Sales also operated Seoul Auto Auction, South Korea's lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SNT Motiv
SNT Motiv Co., Ltd. () 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, South 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 1991, Daewoo purchased a 33% share of the German piano maker Ib ... [...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. Acquisitions after bankruptcy The company's parent company went through a bankruptcy in 1999 due to the Asian financial crisis. After that, the comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
POSCO International
POSCO International Corporation (Korean: 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, and Daewoo became formally dismantled. In 2000, as Daewoo Group faced work-out program, Daewoo Industrial Co., Ltd's trading segment was split and established as "Daewoo International Corporation". Afterwards, it succeeded in general trading license and was listed on the stock market again. In 2016, the Company name changed from "Daewoo International" to "POSCO Daewoo". After merging with Posco P&S in 2017, the company name was changed to what it is currently, "POSCO International Corporation" in 2019 On 2 November 2020, POSCO International and Erae AMS was to supply the Vietnamese carmaker VinFast with electrical vehicle (EV) components. It aimed to issue ESG ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Woo-choong
Kim Woo-Choong (;19 December 1936 – 9 December 2019) was a South Korean businessman who was the founder and chairman of Daewoo Group until its collapse in 1999. Early life and education Born in Daegu, Kim is the son of a former school teacher-turned provincial governor of North Gyeongsang Province, who was kidnapped and taken to North Korea while Kim was a teenager. Kim became a newspaper delivery boy and sold various items. Kim's father was a mentor of South Korean president Park Chung Hee, who eventually supported Kim. Kim graduated from Kyunggi High School, then finished his education with a Bachelor of Economics at Yonsei University in Seoul. Career In 1967, Kim began a small textiles trading corporation with five other associates. Kim rapidly expanded the renamed Daewoo Group by using borrowed money to purchase near-bankrupt companies. By the 1980s, Daewoo ranked as the third-largest chaebol. By the 1990s, Daewoo ranked second largest in assets and third in revenu ... [...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 ov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mirae Asset Securities
Mirae Asset Securities Co., Ltd. () is the largest investment banking and brokerage firm, 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, Initial public offering, 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, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo Shipbuilding & Marine Engineering
Hanwha Ocean Co., Ltd. (), formerly known as Daewoo Shipbuilding & Marine Engineering (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 Mini ... [...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 1983 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
