Komatsu Bulldozer Ripper Cylinder in Kentucky - We are the leading distributor of Loader Attachments in Kentucky. We have got easy access to lots of distributors all over the world and are able to supply your entire new and used equipment needs.
Kim Woo-Jung, the son of Daegu's Provincial Governor, founded the Daewoo group during the month of March of 1967. He first graduated from the Kyonggi High School and afterward went onto the Yonsei University in Seoul where he finished with a Degree in Economics. Daewoo became amongst the Big Four chaebol within South Korea. Growing into a multi-faceted service conglomerate and an industrial empire, the company was famous in expanding its global market securing various joint projects globally.
After the end of the Syngman Rhee government during the 1960s, Park Chung Hee's new government came aboard to promote development and growth within the nation. This increased access to resources, financed industrialization, promoted exports, provided protection from competition to the chaebol in exchange for a company's political support. Initially, the Korean government initiated a series of 5 year plans wherein the chaebol were needed to achieve a series of specific basic aims.
When the second 5 year plan was applied, Daewoo became a major player. The business greatly profited from government-sponsored cheap loans that were based on likely income earned from exports. At first, the company concentrated on textile and labor intensive clothing industries which provided high profit margins. South Korea's large labor force was the most significant resource within this particular plan.
The time period between the year 1973 and the year 1981 was when the third and fourth 5 year plans happened for the Daewoo Business. Throughout this era, the country's labor force was in high demand. Korea's competitive edge began eroding as competition from different nations started to occur. In response to this change, the government responded by focusing its effort on electrical and mechanical engineering, construction efforts, petrochemicals, military initiatives and shipbuilding.
Eventually, the government forced Daewoo into ship building Though Kim was hesitant to enter the business, Daewoo rapidly earned a reputation for making competitively priced ships and oil rigs.
All through the following decade, the Korean government became much more broadminded in economic policies. As the government reduced positive discrimination, loosened protectionist import restrictions and supported private, small businesses, they were able to force the chaebol to be more aggressive abroad, while encouraging the free market trade. Daewoo effectively started several joint ventures along with European and American companies. They expanded exports, semiconductor design and manufacturing, machine tools, aerospace interests, and different defense products under the S&T Daewoo Business.
Daewoo ultimately started producing less expensive civilian helicopters and airplanes compared to North American counterparts. Afterward the business expanded more of their efforts into the automotive industry. Remarkably, they became the 6th biggest automobile manufacturer in the world. All through this time, Daewoo was able to have great success with reversing faltering businesses within Korea.
Through the 80s and 90s, Daewoo moved into other sectors including telecommunication products, computers, consumer electronics, buildings and musical instruments like the Daewoo Piano.
