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A Daewoo Heavy loader. Daewoo Heavy Industries was founded in 1937 as Chosun Machine Works when Korea was under Japanese rule. [3] After Japan's withdrawal from Korea, the company was nationalized by the government and was transformed into a public company in 1963 as Hankook Machine Industrial.
Daewoo (UK: / ˈ d eɪ. uː / DAY-oo; US: / ˌ d eɪ ˈ w uː / day-WOO; Korean: 대우; Hanja: 大宇; IPA:; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer.
Doosan Group is the oldest running company in South Korea [2] and was ranked as one of the world's top 10 largest heavy equipment manufacturers in 2018. [ 3 ] History
The company was founded in 1977. In 1999, the company changed its name to Korea Rolling Stock Corporation (KOROS) as a result of the merging between three major rolling stock divisions: Hanjin Heavy Industries, Daewoo Heavy Industries and Hyundai Precision & Industries.
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During the late 1990s, RAMO Defence Co. began to assemble USAS-12 shotguns from Korean and U.S.-made parts for sale on the domestic market, but sales of this weapon were limited to government agencies only. [3] The shotgun is still being manufactured by S&T Daewoo (now SNT Motiv) in Korea for military and law enforcement sales only.
HD Hyundai Heavy Industries Co., Ltd. (HHI; Korean: HD현대중공업; RR: Eichidi Hyeondae Junggongeop) is the world's largest shipbuilding company and a major heavy equipment manufacturer. [3] [4] Its headquarters are in Ulsan, South Korea.
Daewoo Engineering & Construction Co., Ltd. (Korean: 주식회사 대우건설; Hanja: 株式會社 大宇建設) is a Korean construction company founded and established in 1973, headquartered in Seoul, South Korea. The previous company name was Daewoo Construction Co, Ltd.