Daewoo International

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POSCO DAEWOO CORPORATION
Public
Traded asKRX: 047050
IndustryInternational Trading & Investment, Project Organization, Resource Development
Founded1967; 52 years ago (1967)
HeadquartersSeoul, South Korea
Key people
Kim, Young Sang
(President & Chief Executive Officer)
ProductsCold Rolled Steel, Hot Rolled Steel, Energy Steel, Automotive Component, Steel Raw Materials, Chemicals, Commodity & Textile
RevenueIncrease US$ 21.1 billion (2017 )[1]
Increase US$ 374.6 million (2017)[1]
Increase US$ 155.7 million (2017)[1]
Number of employees
2,804 (2017)
ParentPOSCO
Websitewww.posco-daewoo.com

POSCO DAEWOO(포스코대우) 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. In 2016, Company name changed Daewoo International to POSCO DAEWOO.

Operations[edit]

POSCO DAEWOO Corporation has its head office in NEAT Tower, 165, Convenisa-daero, Yeonsu-gu, Incheon, 21998, Korea. Its global network consists of over 100 overseas branches and subsidiaries.

Business sectors[edit]

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[edit]

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
2013. 06 Began commercial production of gas in Myanmar
2014. 05 Held a groundbreaking ceremony for a hotel in Myanmar
2015. 01 Relocated its headquarters to POSCO TOWER SONGDO in Songdo, Incheon
2016. 02 Discovered gas reserves in Myanmar's offshore block AD-7
2016. 03 Changed company name to POSCO DAEWOO
2017. 03 Acquired the steel business unit of POSCO P&S
2017. 03 Won gas exploration rights in Bangladesh's deep sea block 12

References[edit]

  1. ^ a b c "Financial Statements for daewoo international corp". Archived from the original on 2013-01-18.

Financial reference : Annual < Financial Highlights Tools < Financial Information < IR < DAEWOO INTERNATIONAL CORPORATION

Reuters stock : Reuters

External links[edit]