Daewoo Group and Daewoo Corporation

Overview
Daewoo ("Dae" Hangul: 대. Korean for "Great" and "Woo" Hangul: 우. Korean the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean chaebol (conglomerate).

Daewoo International Corporation had its head office in Yonsei Building, Jung-gu, Seoul. Its global network consists of over 100 overseas branches and subsidiaries. As of January 26, 2015, it has moved its head office to the Northeast Asia Trade Tower(NEAT Tower) in Songdo, Incheon.

Creation
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, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies. Daewoo ("Dae" Hangul: 대. Korean for "Great" and "Woo" Hangul: 우. Korean 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, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies.

Daewoo International Corporation(대우인터내셔널) is Korea’s largest trading company and a subsidiary of POSCO. The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction. In 2000, as Daewoo Group faced work-out program, Daewoo Industrial Co., Ltd’s trading segment was split and established as Daewoo International Corporation. Afterwards, it succeeded general trading license and was listed on stock market back again. Daewoo International corporation has five business segments, providing services in international trading, resource development in foreign countries, domestic and international investments in business, foreign projects, support of small and medium-sized companies with items such as steel, metal, chemical materials and automobile parts, machinery, plants, electronics, textiles, special materials.

Hotels
Daewoo Development Company, funded by cash from the Group, and set up to develop hotels. Seven were built in Korea, China, Vietnam, and Africa. They were personally designed and furnished by Kim Woojoong's socialite wife Heeja who was Chairwoman of the company. The most lavish is the 5-star Hanoi Daewoo Hotel, which cost US$163 million to build in 1996 and was decorated by Heeja with fine art, porcelain, sculptures, and marble. She invited 3000 guests to the opening, including Russian President Vladimir Putin. There is an 18-hole golf course on the grounds and a swimming pool which is thought to be the largest in Asia. Kim is believed to have spent time there while "on the run".

Daewoo International Corporation's business sectors
Business Group I [Steel] Hot Rolled Steel Division, Flat & Wire Rod Division, Automotive Steel Division, Cold Rolled Steel Division, Special Steel Division, Energy Steel Division

Business Group II Machinery & Plant Division, Power Energy Infra Division, Automotive Component Division, Electronic Industry Division

Business Group III Steel Raw Materials Division, Metal Division, Non-Ferrous Metal Division, Commodity & Textile Division

Business Group IV Chemical Division I, Chemical Division II, Chemical Division III

Resource Development Group E&P Division, Mineral Resources (Commodity & Agro-Resources) Division

Domestic Business Busan Factory, Daewoo Department Store