2019-6-26 · Daewoo (Hangul:대우, Hanja:大宇, literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean chaebol (type of conglomerate) and car manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 ...