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| Topic: |
Business
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| Number of pages / Number of words: |
34 / 9413 |
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In less than three decades, based upon foreign assets, Daewoo became the largest transnational company among developing countries. Daewoo specialized in buying distressed companies from the government, extracting concessions in the process and then successfully restructuring and turning around these entities...
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Daewoo rapidly expanded into a conglomerate through this mode of acquisition as most of its major companies were procured in this manner under Korea's industrial policy during the 1960s and 1970s. In these early years, Daewoo apparently benefited from the personal relationship between its Chairman, Woo Choong Kim, and President Chung Hee Park...
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