Daewoo Group Case

A detailed Summary of Daewoo Group Case

Daewoo group started as a small textile company and in just 20 years

developed into second largest Korean chaebol ( family owned

conglomerate). It had over 250000 employers worldwide, over 30

domestic companies and 300 overseas subsidiaries, generating sales of

more than 100 billion dollars annually. However, in 1999 it seemed that

the 'golden days' of Daewoo were over as it was faced with over 50

billion dollars dept and had to decide to sell some of its business to carry

on. Can Daewoo really survive and if yes, how?

The roots of Daewoo's crisis are in:

a) Korean Economic System's Structure, Chaebols and

Asian Crisis

b) Daewoo corporate structure, Kim Woo-Choong and

his policies

The main problem is that Korean economic system is ready for change

and already changing, so does the government and its policies. However,

the chaebols such as Daewoo are living in the past and find it difficult to

adapt to changes. The question is whether there is any place in a changing

Korea for chaebols at all or they will be so

official bankruptcy. As a model Daewoo could sell or make independent

3.Bankruptcy is not a good solution because it is what Daewoo is trying to

regard to the chaebols as too big to fail and would stop showering them

2. Break the company in smaller parts: leave the main company with

Approximate Word count = 1633
Approximate Pages = 7 (250 words per page double spaced)

Category: Miscellaneous

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