The Debt-Fueled Collapse of Korea’s Daewoo Group
发布时间 2022-09-23 07:00:18 来源
摘要
At its peak, Daewoo Group had been Korea's fourth largest business conglomerate along with Hyundai, Samsung, and LG.
The sprawling company rocketed upwards on the back of a favorable political environment and heaps of debt.
Then in a shocking two year span, the whole group broke apart under the weight of its liabilities, a crushing recession, and widespread fraud.
Daewoo's collapse tarnished the legacy of founder and chairman Kim Woo-Choong, who had to flee the country until he received a pardon.
In this video, we will look at the rapid rise and startling collapse of Korea's Daewoo Group.
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