public korean industry conglomerate founded 1971 founder jinkyun choi ceo headquarters seoul south korea area served worldwide products list electronics shipbuilder financial chemical retail entertainment flash memory aviation optical storage mobile phones smartphones hard disk drive net income us 10.7 billion 2008 1 total assets us 252.5 billion 2008 1 total equity us 90.5 billion 2008 1 number of employees 276 000 2008 1 website daewoo electronics uk daewoo electronics usa dongbu daewoo electronics is a home electronics company . established in 1971 it has since grown into a global business with more than 64 production sites research and development and sales centres in more than 40 countries worldwide . daewoo electronics sales uk desuk was established in november 1993 . it is the third largest electronics firm of south korea after samsung and lg . the company manufactures a range of high value electronics and home appliances . the company went through a bankruptcy in 1999 after asian financial crisis and is currently owned completely by a group of creditors . beside its business of manufacturing consumer goods it has been contracted by different parties to set up local manufacturing units producing air conditioners refrigerators and washing machines . 2 3 4 5 in october 2010 it was announced that the creditor group owning the company is to sell it to an iran based electronic company . 6 entekhab industrial group of iran would buy the firm for 529 million dollars in november 2010 from its creditors . 7 8 entekhab industrial group competed with electrolux of sweden for the acquisition . 9 in june 2011 it was reported that creditors of daewoo decided to drop the deal with entekhab group over funding uncertainties ; entekhab group threatened to take legal actions in response . 10 after years of trying in jan 2013 dongbu group agreed to take over daewoo electronics 270 million to attain synergies effect with dongbu families especially dongbu cni dongbu hiteck and dongbu steel . daewoo electronics became the family of dongbu group by ending its workout status . 11 resources edit http www.daewooelectronics.co.uk about daewoo.aspx references edit a b c d samsung profile 2009 http www.dwe.co.kr english pr corporatenews view.asp seq 38 http www.daewooelectronics.co.uk about daewoo.aspx http www.dwe.co.kr english pr corporatenews view.asp seq 37 http www.dwe.co.kr english pr corporatenews view.asp seq 36 http www.reuters.com article idustoe69j05120101020 http www.tehrantimes.com index view.asp code 230146 http www.iranian.com main news 2010 11 08 iran firm buys daewoo unit http www.turquoisepartners.com iraninvestment iim nov10.pdf http www.reuters.com article 2011 06 02 daewoo entekhab idusl3e7h214v20110602 http blogs.wsj.com korearealtime 2013 01 09 after years of trying daewoo electronics is sold external links edit daewoo iran daewoo electronics korea daewoo electronics uk daewoo electronics germany deutschland daewoo electronics russia daewoo electronics chile daewoo electronics spain daewoo electronics peru daewoo electronics mexico daewoo electronics usa daewoo electronics japan retrieved from https en.wikipedia.org w index.php title dongbu daewoo electronics & oldid 733398771 categories daewooelectronics companies of south koreahome appliance brandshome appliance manufacturersvacuum cleaner manufacturershvac manufacturing companiesmanufacturing companies based in seoulelectronics companies established in 19711971 establishments in south koreamultinational companies headquartered in south koreasouth korean brandshidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol rom n edit links this page was last modified on 7 august 2016 at 15 02 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view