Daewoo [SEP] dissolved or abolished
Daewoo
Daewoo (Hangul: 대우, Hanja: 大宇, literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean chaebol (type of conglomerate) and car 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 $ billion in ). Prior to the Asian financial crisis, Daewoo was the second largest
TV's were relabeled models produced by Daewoo Electronics Corp. This partnership dissolved in the early 2000s and many of the products were discontinued or switched to Kmart's "Home Essentials" brand. Televisions continued to be produced by Daewoo, but were re-labeled as Curtis-Mathes, another brand licensed to Kmart for a brief period of time.
External links.
- White-Westinghouse International