| General info : | | Daewoo (meaning "great universe") was the business name of the Daewoo Group, 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 $97 billion in 2025).
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. | |
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| Source : | | Wikipedia (en.wikipedia.org/wiki/Daewoo) | |
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