Daewoo International
 | |
| Public | |
| Traded as | KRX: 047050 |
| Industry | International trading & Investment, Resource Development |
| Founded | 2000 |
| Headquarters | Seoul, South Korea |
Key people |
Jeon, Byeong Eal (President & Chief Executive Officer) |
| Products | Cold Rolled Steel, Hot Rolled Steel, Energy Steel, Automotive Component, Steel Raw Materials, Chemicals, Commodity & Textile |
| Revenue |
 US$ 17.005.6 billion (2011)[1] |
|
US$ 144.8 million (2011)[1] | |
|
US$ 186.1 million (2011)[1] | |
Number of employees | 1,968 (2011) |
| Parent | POSCO |
| Website |
www |
Daewoo International Corporation(대우인터내셔널) is Korea’s largest trading company and a subsidiary of POSCO. The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction. In 2000, as Daewoo Group faced work-out program, Daewoo Industrial Co., Ltd’s trading segment was split and established as Daewoo International Corporation. Afterwards, it succeeded general trading license and was listed on stock market back again. Daewoo International corporation has five business segments, providing services in international trading, resource development in foreign countries, domestic and international investments in business, foreign projects, support of small and medium-sized companies with items such as steel, metal, chemical materials and automobile parts, machinery, plants, electronics, textiles, special materials.
Operations
Daewoo International Corporation had its head office in Yonsei Building, Jung-gu, Seoul. Its global network consists of over 100 overseas branches and subsidiaries. As of January 26, 2015, it has moved its head office to the Northeast Asia Trade Tower(NEAT Tower) in Songdo, Incheon.
Business sectors
Business Group I [Steel]
Hot Rolled Steel Division, Flat & Wire Rod Division, Automotive Steel Division, Cold Rolled Steel Division, Special Steel Division, Energy Steel Division
Business Group II
Machinery & Plant Division, Power Energy Infra Division, Automotive Component Division, Electronic Industry Division
Business Group III
Steel Raw Materials Division, Metal Division, Non-Ferrous Metal Division, Commodity & Textile Division
Business Group IV
Chemical Division I, Chemical Division II, Chemical Division III
Resource Development Group
E&P Division, Mineral Resources (Commodity & Agro-Resources) Division
Domestic Business
Busan Factory, Daewoo Department Store
History
| year | works done |
|---|---|
| 1967. 03 | Daewoo Corporation was established |
| 1982 | Trade Division was incorporated into Daewoo Corp. |
| 1999. 08 | 12 companies under Daewoo Group including Daewoo Corporation begin workout program |
| 2000. 12 | Daewoo International Corporation was spun off from Daewoo Corporation |
| 2003. 12 | The company completes the workout program |
| 2004. 12 | Sales amount exceeded 5 trillion won |
| 2005. 01 | Received the grand prize for transparent management |
| 2005. 03 | Receives the decoration of gold tower on the Day of Commerce and Industry |
| 2005. 05 | Company was incorporated into KRX100 Index |
| 2005. 08 | Receives a Global Management Grand Prize (from the Korea Economic Daily) |
| 2005. 11 | Acquired credit rating BBB+ |
| 2005. 12 | Acquires certification for excellence in information systems |
| 2006. 06 | Receives prize for excellence in corporate governance |
| 2006. 07 | Receives the prize of merit commemorating the 60th anniversary of the International Trading Day |
| 2006. 12 | Receives the best prize in the sector of future management in the management grand prize |
| 2006. 12 | Acquired Certification for an excellent company in information systems |
| 2007. 05 | Acquired credit rating of "A" |
| 2007. 06 | Awarded grand prize for shareholder value (The Money Today) |
| 2007. 10 | Awarded grand prize in the sector of global management (Korea Management Association) |
| 2007. 10 | Awarded grand prize for digital knowledge management (National Information Society Agency) |
| 2008. 02 | Secured exploration rights of 35&36 blocks in Uzbekistan |
| 2008. 12 | Daewoo International Japan Corp. acquires ISO 14001 certification |
| 2010. 08 | The contract for a takeover was signed by POSCO and Korea Asset Management Corp |
| 2010. 10 | Appointment of Lee Dong – Hee as CEO & Chairman of BOD |
References
Financial reference : http://www.daewoo.com/eng/investor/financial/analysis_annual.jsp
Reuters stock : http://www.reuters.com/finance/stocks/overview?symbol=047050.KS