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| '''Daewoo''' meaning "Great Universe" (大宇) is a major ]. | '''Daewoo International''' meaning "Great Universe" (大宇) is a major ]. It was founded in 1967 as ''Daewoo Industrial''. | ||
| It ran into deep financial trouble in ] due to the ] and had to sell off it's automotive arm ]. | |||
| Since the 1990s, Daewoo has owned ], an automobile manufacturer based in the ]. | |||
| Daewoo set up a joint venture (August 1992) and a factory in Asaka city, ] province, in ], leveraging the presence of a large local ethnic ] minority. | |||
| Beginning in late 1998, Daewoo Motor America sold three automobile models, the sub-compact Lanos, compact Nubira ("to go everywhere/anywhere" in Korean), and the midsize Leganza (Elegante and Forza ). The last model year in the U.S. was 2002 after the bankruptcy of the Daewoo Group and Daewoo Motor in Korea. | |||
| The group was reorganized into three big parts: ''Daewoo International'', ''Daewoo Engineering & Construction'' and ''Daewoo Corporation''. It is active in many markets; the most important are steel processing, ship building and financial. | |||
| ==External link== | ==External link== | ||
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Revision as of 20:48, 1 November 2003
Daewoo International meaning "Great Universe" (大宇) is a major South Korean conglomerate. It was founded in 1967 as Daewoo Industrial.
It ran into deep financial trouble in 1998 due to the Asian finacial crisis and had to sell off it's automotive arm Daewoo Motors.
The group was reorganized into three big parts: Daewoo International, Daewoo Engineering & Construction and Daewoo Corporation. It is active in many markets; the most important are steel processing, ship building and financial.