Daewoo

The Daewoo brand was owned by Daewoo Heavy Industries, a subdivision of the Daewoo Group. It was known for the production of earth moving equipment until the Daewoo Group was dismantled by the South Korean government in 1999. The Heavy Industries division was purchased by Doosan Heavy Industries & Construction in 2005.

Founded in 1967, the Daewoo Group grew to be South Korea’s second largest conglomerate and had divisions involving heavy equipment, textiles, automobiles, buses, oil tankers, and even securities and pianos. The company went bankrupt in 1999 and its founder was found guilty of financial wrong doing.

The types of equipment that Daewoo manufactured included crawler tractors, dump trucks, forklifts, hydraulic excavators, mini excavators, skid steer loaders, and wheel loaders. Today, Daewoo focuses on building construction, electronics, shipbuilding, commercial vehicles, and investment.

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