Daewoo was a South Korean conglomerate that existed from 1967 to 1999. It was founded by Kim Woo-choong, and at its peak, the company had over 60,000 employees in over 40 countries. The company went through a number of changes in ownership and name before being acquired by General Motors in 2002.
1. Daewoo was once the second largest conglomerate in South Korea. 2. The company had a hand in a number of different industries, including shipbuilding, automobiles, electronics, and finance. 3. Daewoo was known for its innovative products and cutting-edge technology.
During the 1997 Asian financial crisis, Daewoo was one of the first companies to declare bankruptcy. The company was eventually acquired by General Motors in 2002.