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Daewoo Engines
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 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. During the 1 ...
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Chaebol
A chaebol ( , ; , ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebol have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai Group, Hyundai has made efforts in the thawing of North Korea–South Korea relations, North Korean relations, despite some controversy. Many South Korean family-run chaebol have been criticised for low dividend payouts and other governance practices that favor controlling shareholders ...
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Billion
Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in Britain and other English-speaking countries as well. * 1,000,000,000,000, i.e. one million million, or (ten to the twelfth power), as defined on the long scale. This number is the historical sense of the word and remains the established sense of the word in other European languages. Though displaced by the short scale definition relatively early in US English, it remained the most common sense of the word in Britain until the 1950s and still remains in occasional use there. American English adopted the short scale definition from the French (it enjoyed usage in France at the time, alongside the long-scale definition). The United Kingdom used the lo ...
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Wanted Poster
A wanted poster (or wanted sign) is a poster distributed to let the public know of a person whom authorities wish to apprehend. They generally include a picture of the person, either a photograph when one is available or of a facial composite image produced by police. Description Wanted posters typically include an image or description of a fugitive or alleged criminal and a description of the crime for which they are sought. There is typically a set monetary reward offered to whoever catches the wanted criminal that is advertised on the poster. Wanted posters are typically produced to be displayed in public locations such as post offices, district offices, and other venues. Modern wanted posters are also typically published on the Internet. In popular culture, wanted posters are often associated with the American frontier and the wood type that was used on posters of the time. Wanted posters have historically been printed without color, with the FBI The Federal Bureau ...
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LG Corp
LG Corporation (or LG Group), formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded by Koo In-hwoi in 1947 and managed by successive generations of his family. It is the fourth-largest company in South Korea. Its headquarters are in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul. LG makes electronics, chemicals, household appliances, and telecommunications products and operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, LG Energy Solution and LG AI Research in over 80 countries. History LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. Its first product was "Lucky Cream", the first Korean make-up cream. In 1952, Lak Hui () (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) ...
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Samsung
Samsung Group (; stylised as SΛMSUNG) is a South Korean Multinational corporation, multinational manufacturing Conglomerate (company), conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the largest (business conglomerate) in South Korea. Samsung has the world's List of most valuable brands, fifth-highest brand value. Founded in 1938 by Lee Byung-chul as a trading company, Samsung diversified into various sectors, including food processing, textiles, insurance, securities, and retail, over the next three decades. In the late 1960s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mid-1970s—areas that would fuel its future growth. After Lee died in 1987, Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Ilbo, JoongAng Group. K ...
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Kim Dae-jung
Kim Dae-jung (, ; 6 January 192418 August 2009) was a South Korean politician, activist and statesman who served as the eighth president of South Korea from 1998 to 2003. Kim entered politics as a member of the new wing of the Democratic Party. He was an opposition politician who carried out a democratization movement against the military dictatorship from the Third Republic in the 1960s to the Fifth Republic in the 1980s. He ran unsuccessfully in presidential elections in 1971 South Korean presidential election, 1971, 1987 South Korean presidential election, 1987, and 1992 South Korean presidential election, 1992. In the country's 15th presidential election in 1997 South Korean presidential election, 1997, he defeated Grand National Party candidate Lee Hoi-chang through an alliance with Kim Jong-pil and DJP. Kim was the first opposition candidate to win the presidency. At the time of his inauguration in 1998, he was 74 years old, making him the oldest president in Korean his ...
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Telecommunications
Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of transmission may be divided into communication channels for multiplexing, allowing for a single medium to transmit several concurrent Session (computer science), communication sessions. Long-distance technologies invented during the 20th and 21st centuries generally use electric power, and include the electrical telegraph, telegraph, telephone, television, and radio. Early telecommunication networks used metal wires as the medium for transmitting signals. These networks were used for telegraphy and telephony for many decades. In the first decade of the 20th century, a revolution in wireless communication began with breakthroughs including those made in radio communications by Guglielmo Marconi, who won the 1909 Nobel Prize in Physics. Othe ...
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Affirmative Action
Affirmative action (also sometimes called reservations, alternative access, positive discrimination or positive action in various countries' laws and policies) refers to a set of policies and practices within a government or organization seeking to address systemic discrimination. Historically and internationally, support for affirmative action has been justified by the idea that it may help with bridging inequalities in employment and pay, increasing access to education, and promoting diversity, social equity, and social inclusion and redressing wrongs, harms, or hindrances, also called substantive equality. The nature of affirmative-action policies varies from region to region and exists on a spectrum from a hard quota to merely targeting encouragement for increased participation. Some countries use a quota system, reserving a certain percentage of government jobs, political positions, and school vacancies for members of a certain group; an example of this is the reservati ...
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Park Chung Hee
Park Chung Hee (; ; November14, 1917October26, 1979) was a South Korean politician and army officer who served as the third president of South Korea from 1962 after he seized power in the May 16 coup of 1961 until Assassination of Park Chung Hee, his assassination in 1979. His regime oversaw a period of intense economic growth and transformation, making him one of the most consequential leaders in Korean history, although his legacy as a military dictator continues to cause controversy. Before his presidency, Park was the second-highest-ranking officer in the South Korean army. His coup brought an end to the interim Second Republic of Korea. After serving for two years as chairman of the Supreme Council for National Reconstruction, military junta, he was 1963 South Korean presidential election, elected president in 1963, ushering in the Third Republic of Korea, Third Republic. A firm Anti-communism, anti-communist, he continued to maintain close ties with the United States, wh ...
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Syngman Rhee
Syngman Rhee (; 26 March 1875 – 19 July 1965), also known by his art name Unam (), was a South Korean politician who served as the first president of South Korea from 1948 to 1960. Rhee was also the first and last president of the Provisional Government of the Republic of Korea from 1919 to his impeachment in 1925 and from 1947 to 1948. And he was also the president of the People's Republic of Korea from 1945 to 1946. As president of South Korea, First Republic of Korea, Rhee's government was characterised by authoritarianism, limited economic development, and in the late 1950s growing political instability and public opposition to his rule. Born in Hwanghae Province, Joseon, Rhee attended an American Methodist school, where he converted to Christianity. He became a Korean independence movement, Korean independence activist and was imprisoned for his activities in 1899. After his release in 1904, he moved to the United States, where he obtained degrees from American universit ...
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Yonsei University
Yonsei University () is a Private university, private Christian university, Christian research university located in Seoul, South Korea. Yonsei is one of the three most prestigious universities in the country, part of a group referred to as SKY (universities), SKY universities. The university traces its roots to the first modern medical center in Korea, ''Gwanghyewon'' (광혜원 廣惠院, House of Extended Grace) founded in April 1885, now Severance Hospital, Severance Union Medical College (세브란스 의과대학; 세브란스 醫科大學). The institution in its current university form was established in January 1957 through the union of Yonhi College () and Severance. As a tribute, the name "Yonsei" was derived from the first syllables of the names of its two parent institutions, "Yon; 연; 延" from Yonhi College and "Sei; 세; 世" from Severance Union Medical College. Yonhi College was one of the first modern colleges, founded as Chosun Christian College () in March ...
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Daegu
Daegu (; ), formerly spelled Taegu and officially Daegu Metropolitan City (), is a city in southeastern South Korea. It is the third-largest urban agglomeration in South Korea after Seoul and Busan; the fourth-largest List of provincial-level cities of South Korea, metropolitan city in the nation with over 2.3 million residents; and the second-largest city after Busan in the Yeongnam Regions of Korea, region in southeastern South Korea. Daegu and the surrounding North Gyeongsang Province are often referred to as Daegu-Gyeongbuk, with a total population of over 5 million. Daegu is located in south-eastern Korea about from the coast, near the Geumho River and its mainstream, Nakdong River in Gyeongsang Province. The Daegu basin is the central plain of the Yeongnam List of regions of Korea, region. In ancient times, the Daegu area was part of the proto-kingdom Jinhan. Subsequently, Daegu came under the control of the Silla Kingdom, which unified the Korean Peninsula. During th ...
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