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Home > Company Index > Conglomerates > Conglomerates > Daewoo Group

Daewoo Group
 PROFILE
Daewoo, one of South Korea's five largest "chaebol" (family-run conglomerates), is dealing with the woes of the nation's financial collapse of the late 1990s. The debt-burdened group's businesses include trading (through flagship Daewoo Corporation), energy, automotive components, electronics and media, machinery, and textiles. But the government has ordered the "chaebol" to restructure, and Daewoo has agreed to sell or spin off its construction, electronics, and shipbuilding units and much of its telecommunications business. The company has even been forced to place its family jewel, DAEWOO MOTOR (Korea's #2 automaker behind Hyundai), on the auction block.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 19,465.00
Employees: 265,044
Revenue per employee: $73,440.64

 KEY PEOPLE

• Kim Seong-Sik
    CFO

 CONTACT INFO
541 Namdaemunno 5 Ga, Chung-gu
Seoul, South Korea
Phone: 82-2-759-2114
Fax: 82-2-753-9489
Online: Web Site

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