Kim Woo-choong, founder of Daewoo business group, dies

  • 📰 latimes
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 82%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Kim built Daewoo Corp. in 1967 and it grew into South Korea's second-largest business empire. Later he was sentenced to prison on fraud allegations.

Kim Woo-choong, the disgraced founder of the now-collapsed Daewoo business group whose rise and fall symbolized South Korea’s turbulent rapid economic growth in the 1970s, has died at a hospital outside the country’s capital. He was 82.

Born in 1936, when the Korean peninsula was under Japan’s 35-year colonial rule, Kim started as a textile salesman and built Daewoo Corp. in 1967. The company grew into South Korea’s second-largest business empire, producing items including clothes, cars, ships, TV sets, refrigerators and other electronics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hope we make his return worthy of his work ethic and intentions. When the greats checkout, it’s f***ing beyond hard to continue moving like it didn’t matter.

RIP to his car company that lasted a whole 5 years in the US of A.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines