Daewoo (/ ˈ d aɪ w uː / DY-woo; Hangul: 대우, Hanja:, IPA: ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as 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
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