Daewoo Group Case

Daewoo Group Case

Problem Definition

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

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