Daewoo
| Korean spelling | |
|---|---|
| Korean alphabet : | 대우 |
| Hanja : | 大宇 |
| Revised Romanization : | Dae-u |
| McCune-Reischauer : | Taeu |
Daewoo ([ tɛ.u ]; "Big Universe") was a large South Korean conglomerate with headquarters in Seoul . The conglomerate was founded on March 22, 1967 under the name Daewoo Industrial and dissolved by the South Korean government on August 26, 1999.
Today the company is divided into Daewoo International , Daewoo Engineering & Construction and Daewoo Corporation . The company is active in many areas, such as steel processing , shipbuilding , the arms industry and the financial sector.
The shipbuilding division was separated in 1999 as an independent company Daewoo Shipbuilding & Marine Engineering .
Daewoo acquired in 1983 the majority of shares Saehan (a joint venture with General Motors ) and the company named in Co. Daewoo Motor to. With the Asian crisis , the division was founded as a separate company in 2002, which was taken over by a group of investors around General Motors. This was named GM Daewoo . The commercial vehicle division was as Daewoo Commercial Vehicle spun off and later by Tata Motors acquired. The bus division was spun off as Zyle Daewoo Commercial Vehicle , since 2003 it has been a subsidiary of the Korean Young An Hat Company .
Daewoo Heavy Industries was acquired by Doosan Infracore in May 2005 . The products such as excavators are temporarily marketed by Doosan Infracore under the name Doosan-Daewoo.
The Daewoo founder Kim Woo-Choong (1936-2019) was on 25 May 2006 after six years on the run because of accounting fraud sentenced to ten years imprisonment in the first instance. The sentence was reduced to eight and a half years on appeal. Kim also had to repay more than $ 20 billion in misappropriated money. On December 31, 2007, he was pardoned in the course of a special amnesty along with 74 other convicted criminals by the outgoing South Korean President Roh Moo Hyun .
On November 15, 2007, a court in Seoul sentenced Lee Tae-yong, former President and CEO of Daewoo International, for illegally exporting arms to Myanmar from 2002 to 2006.
Web links
- "Daewoo Electronics Europe"
- Der Spiegel : A Generation Must Make Sacrifices , May 25, 1987
swell
- ↑ auto, motor und sport : Daewoo: Eight and a half years in jail for Kim ( memento from June 20, 2007 in the web archive archive.today ), November 6, 2006
- ^ Spiegel Online: Ex-Daewoo boss free again , January 1, 2008