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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
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.
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.
It was originally established as a joint venture of Daewoo Heavy Industries' aerospace division, Samsung Aerospace, and Hyundai Space and Aircraft. [ 1 ] [ 6 ] During 1999, KAI became more independent of its founding members, acquiring their aerospace interests at the behest of the South Korean government following the financial troubles of ...
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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