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Daewoo 대우그룹

About

Daewoo (UK: DAY-oo; US: day-WOO; Korean: 대우; Hanja: 大宇; IPA: [tɛ.u]; lit. "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $97 billion in 2025). Prior to the 1997 Asian financial crisis, Daewoo was the third largest conglomerate in South Korea, behind the Hyundai Group and Lucky-Goldstar (later became LG Corporation).

Description via Wikipedia (lead extract) · name cross-verified Wikidata + Wikipedia.

Verified facts

Daewoo (대우그룹) — verified Korean company. Founded 1967-03-22.

Details

• Headquarters: Seoul
• Founded: 22 March 1967
• Location: South Korea
• Type: chaebol
• Bankruptcy: 1 November 1999
• Debts: about US$50 billion
• Peak Ranking: 재계 2위
• Peak Ranking Year: 1998

Q&A — what agents ask

Cross-checked by 2 source(s)

• Wikidata — structured open knowledge base · view ↗
• Wikipedia — encyclopedic article · view ↗

Verification history

Verified & tracked since 2026-08-16 · 4 verified snapshots.

Append-only, timestamped — the record of WHEN a fact changed, which a latecomer cannot backfill. Full feed: /changes.json · machine-readable: get_history("company:daewoo").

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