Dae Woo
Daewoo ("Dae" Hangul: 대. Korean for "Great" and "Woo" the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean chaebol (conglomerate). It was founded on 22 March 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999. Prior to the Asian Financial Crisis of 1997, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung Group. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies.
Read more about Dae Woo: Corporations, History, Crisis and Collapse, Breakup and Present Status, Corporate Websites
Famous quotes containing the word woo:
“Nothing is so foolish, they say, as for a man to stand for office and woo the crowd to win its vote, buy its support with presents, court the applause of all those fools and feel self-satisfied when they cry their approval, and then in his hour of triumph to be carried round like an effigy for the public to stare at, and end up cast in bronze to stand in the market place.”
—Desiderius Erasmus (c. 1466–1536)