Daewoos

Daewoo was a South Korean conglomerate, or chaebol, founded by Kim Woo-choong in 1967. It was once one of the largest business groups in South Korea, with interests spanning manufacturing, construction, finance, and telecommunications. The Daewoo name became particularly well-known internationally through its automotive division, Daewoo Motors, which produced a range of passenger cars, SUVs, and commercial vehicles.

Daewoo Motors was established in 1982 and initially produced vehicles under license from General Motors. Over time, it developed its own models and expanded its global reach. The company faced significant financial difficulties in the late 1990s during the Asian financial crisis. In 2001, Daewoo Motors was acquired by General Motors. Many of its models were subsequently rebadged and sold under other GM brands, such as Chevrolet and Holden.

Beyond automobiles, Daewoo had a significant presence in shipbuilding through Daewoo Shipbuilding & Marine Engineering, which remains one of the world's largest shipbuilders. The conglomerate also had interests in electronics, with Daewoo Electronics producing consumer appliances. The Daewoo Group itself underwent significant restructuring and divestments following the financial crisis, with many of its subsidiaries being sold off or integrated into other companies. The Daewoo brand, while no longer representing a unified conglomerate, continues to be associated with its legacy of industrial production and innovation.

---