page_title: Daewoo
section_title: Corporations
hierarchical_section_title: Daewoo / Corporations
caption_attribution_description: English: A U.S. Air Force Airmen with the 8th Civil Engineer Squadron's airfield damage repair team clears debris from the runway surface during an operational readiness inspection at Kunsan Air Base, South Korea, April 19, 2007. The vehicle is a DAEWOO Wheel Loader MEGA 250 with an operating Weight of 13,800kg, a bucket capacity of 2.4cbm and an engine power of 158hp.
context_page_description: Daewoo also known as the Daewoo Group, was a major South Korean chaebol and car 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. 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.
context_section_description: There were about 20 divisions in the Daewoo Group.
  Daewoo Group had under its umbrella several major corporations:
  Daewoo Electronics, a strong force both internationally and in South Korea (sub-branch Daewoo Electronic Components Co. Ltd, Daewoo Electric Motor Industries Ltd., Orion Electric Co. Ltd.)
  Daewoo Electronic Components manufactures and sells a variety of electronic parts and components, especially for automobile, televisions, monitors, VHS Players and other multimedia products.
  Daewoo Motors, 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 sold Daewoo but also GM cars and others in South Korea (Sub-branch: Architectural Iaan Div., SAA-Seoul Auto Auction)
  Daewoo Bus, is a manufacturer of buses. headquartered in Busan, South Korea, established in 2002. These buses are primarily used for public transportation
  Daewoo Precision Industries produced small calibre firearms and auto parts. It was spun off in February 2002 and relisted on the South Korean stock-market in March 2002. It was renamed S&T Daewoo Co., Ltd in September 2006, and then S&T Motiv Co., LTD in March 2012.
  Daewoo Textile Co. Ltd.
  Daewoo Heavy Industries (DHI), which created heavy duty machinery
  Daewoo Shipbuilding & Marine Engineering produced container ships, oil tankers and planes. It spun off in 2000 and became an independent company, DSME, re-listing on the South Korean stock-market in 2001
  Daewoo Securities, a financial securities company
  Daewoo Telecom Ltd., which concentrated on the telecommunications (sub-branch Daewoo Informations Systems Co. Ltd.)
  Daewoo Corporation, (sub-branch Daewoo Construction, Keangnam Enterprises) which built highways, dams and skyscrapers, especially in the Middle East and Africa
  Daewoo International, a trading organization
  Daewoo Development Co. Ltd., managing Daewoo hotels around the world and had the Millennium Seoul Hilton franchise in South Korea
  IAE (Institute for Advanced Engineering): research and development integrated center
  A further subsidiary was the Daewoo Development Company, funded by cash from the Group and set up to develop hotels. Seven were built in South Korea, China, Vietnam, and Africa. They were personally designed and furnished by Kim Woo-jung's socialite wife Heeja, who was chairwoman of the company. The most lavish is the 5-star Hanoi Daewoo Hotel, which cost US$163 million to build in 1996 and was decorated by Heeja with fine art, porcelain, sculptures, and marble. She invited 3,000 guests to the opening, including Russian President Vladimir Putin. Kim is believed to have spent time there while "on the run".
caption: A wheel-loader produced by Daewoo Heavy Industries
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