Korea's chaebol bounce back stronger than ever

The chaebol - the giant, family-run empires behind South Korea's economic miracle - have come back stronger than ever since the economic crisis of 1997-98 brought them to their knees.

Monday, 11 September, 2006, 12:00am

Next chapter begins in epic story of man who built 'great universe'

Kim Woo-choong is one of the most prominent of the businessmen who transformed a dirt-poor South Korea into the economic powerhouse it is today.

But the fall that resulted when his huge appetite for risk overcame financial prudence makes him one of the most tragic figures on the Asian business landscape.

15 Jun 2005 - 12:00am

Mainland partners cautious about bankrupt Daewoo

Updated at 12.50pm, Friday: Mainland business partners fear that they will suffer in the fallout from Daewoo Motor's bankruptcy.

17 Nov 2000 - 12:00am

Jardine Fleming may be interested in bidding for South Korea's Daewoo Securities

Jardine Fleming Group (JF) was unable to comment on reports that it is interested in making a bid for South Korea's number three brokerage Daewoo Securities.

The Korean Economic Daily said yesterday that JF was the sixth foreign group interested in making a move.

18 Nov 1999 - 12:00am

Delays hit Regent Pacific's South Korea pact

Fund-manager Regent Pacific Group's agreement of the terms for the purchase of a South Korean asset-management business is not expected soon.

The company said it had been negotiating with Seoul-based Daehan Investment Trust under the terms of a recently signed heads of agreement.

9 Sep 1999 - 12:00am

Seoul sets stage for another crisis

It is still only very recently that almost every time you flipped through a magazine you were confronted with an advertisement boasting of corporate achievements under the banner 'Daewoo, that's who'.

20 Aug 1999 - 12:00am

Quote ... Unquote

'Cable & Wireless conduct business in a professional manner, and we are just not used to that.' A technical expert at Vietnam National Post and Telecommunications.

'Cable & Wireless is like a ship all at sea.' Flemings' telecommunications analyst Dwayne Taylor.

11 Jul 1999 - 12:00am

Quote ... Unquote

'It was a poor word choice when I said that Thailand 'deserved' the devaluation.' Lehman Brothers senior executive officer Paul Dickson.

25 Apr 1999 - 12:00am

Canadian ship in maiden call

Canmar Pride, the first of two new ice-strengthened container ships for Canada Maritime, has entered service with a maiden call at Thamesport in Britain. Sister ship Canmar Honour is in final sea trials and will enter service next month.

21 Aug 1998 - 12:00am

Wilhelmsen and Daewoo seal deal on car transport

Wilhelmsen Lines and Daewoo Motors Corp have signed a contract for the transport of motor vehicles from South Korea to North and Latin America over three years.

The contract, effective immediately, could involve 300,000 units over the period.

8 Jun 1998 - 12:00am

TV-maker net almost doubles

Television-maker Q-tech Holdings says attributable profit almost doubled to $21.9 million for the six months to December 31 last year from $11.44 million in the corresponding period the previous year. The company said soaring turnover from products carrying the Daewoo, Samsung and Toshiba labels boosted profits.

20 Mar 1998 - 12:00am

Daewoo wins ro-ro order

Norway-based Wilhelmsen Lines has signed a deal with South Korea's Daewoo shipyard for construction of three roll-on/roll-off vessels worth US$240 million, with an option for three more.

11 Mar 1998 - 12:00am

Daewoo wins Iranian order

South Korea's Daewoo Heavy Industries said it had won a US$250 million contract to build five 100,000-tonne oil tankers for Iran's state-run shipping company National Iranian Tanker Co. The carriers would be delivered in stages from May 2000 to early 2001, the company said.

16 Feb 1998 - 12:00am

Firms seal submarine contract

Daewoo Corp and Preussag unit Howaldtswerke Deutsche Werft have won a US$2 billion contract to build six 1,500-tonne submarines despite complaints from Hyundai Corp, the South Korean Defence Ministry said. Hyundai took the ministry to court for not opening the bidding process to public tender.

24 Nov 1997 - 12:00am

Daewoo wins US$150m deal

Daewoo Heavy Industries, South Korea's second-largest shipyard, has won a US$150 million order to build a floating oil production, storage and off-loading vessel for Halliburton Canada for delivery in January 2000.

15 Sep 1997 - 12:00am