Daewoo group companies run a distant third or fourth in their respective industries in korea, but they are rapidly expanding their presence, mainly through acquisitions, in foreign markets.
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What is the purpose of the Daewoo case study?
Daewoo case study is a research paper on the narrow topic which is aimed to present the successful conglomerate in the past and illustrate the cause and effect of its bankrupting. The student should collect information about the conglomerate, analyse the problematic and successful departments and observe how the executives solved the problems.
How did the Asian financial crisis affect Daewoo?
The Asian financial crisis and its aftermath finally took its toll on the expansion-minded Daewoo and forced both Daewoo and the Korean government to decide how to dissolve the chaebol. Kim Woo-Choong started Daewoo in 1967 as a small textile company with only five employees and $10,000 in capital.
What kind of products does Daewoo Group produce?
Primarily Daewoo focused on the production of electronics, electric appliances and automobiles. These branches were the most profitable activities of the company but still the company stopped existing. Daewoo group consisted of 20 departments which produced their own goods and provided various services.
When did the Daewoo Group go into bankruptcy?
In 1999, Daewoo Group Korea’s second largest chaebol, or family-owned conglomerate, collapse under $57 billion in debt and was forced to split into independent companies.
Last Update: Oct 2021
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