DAEWOO
27 entries
South Korean conglomerate founded in 1967 that also built automobiles and was declared bankrupt in 1999.
- Founded
- 22 March 1967
- Declared bankrupt
- 1 November 1999
- Origin
- Founded as Daewoo Industrial
- Status
- Former chaebol, split into independent companies
Daewoo was founded on 22 March 1967 as Daewoo Industrial and grew into one of South Korea's largest chaebols, the third largest before the 1997 Asian financial crisis. It was also an automobile manufacturer.
The group was declared bankrupt on 1 November 1999 with debts of about 50 billion dollars. Some of its roughly 20 divisions survived as independent companies.
- 1967Founded as Daewoo Industrial
- 1997Asian financial crisis
- 1999Declared bankrupt
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DAEWOO Daewoo Magnus: the Evanda with a six-cylinder engine
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DAEWOO Daewoo Leganza: Giugiaro’s executive car for Daewoo
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DAEWOO Daewoo Espero: Daewoo’s first car of its own design
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DAEWOO Daewoo Nubira: the car built to crisscross the globe
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DAEWOO Daewoo Lanos: Giugiaro’s small car for the whole world
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DAEWOO Daewoo matiz at
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DAEWOO Daewoo Kalos: Daewoo’s first car after the GM takeover