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Daewoo International

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Overview

Since1967 DAEWOO INTERNATIONAL

1967 Founded as Daewoo Industry Co., Ltd

1982 Changed to Daewoo Corporation

2000 Established as
Daewoo International Corporation

2010 Incorporated into POSCO Group

Since its foundation as Daewoo Industry Co., Ltd in 1967, Daewoo International has been taking a leading role in the center of Korean national economic development through the outstanding export enlargement. Renamed as Daewoo Corporation in 1982, it began to devote itself to international trade. Daewoo International Corp. was a spin-off of Daewoo Corporation in December 2000, and specialized in international trade, project organizing, and resource development. Subsequently, Daewoo International Corp. reported remarkable annual sales growth of 30% prior to being incorporated into POSCO Group in 2010.

With over 100 global networks around the world, Daewoo International does various business with local and international customers, carrying a wide range of products including steel, metal, machinery, automotive component, Industrial electronics, steel raw material, non-ferrous metal, chemical and agro-fishery product. In addition, Daewoo International Corp. not only engages in the export and triangular trade of industrial machines and equipments, but also plays a critical role as a project organizer in the implementation of overseas development project such as power generation, railroad, ports, plants and IT facility.

In an effort to improve its business structure to strengthen what has been a weak bottom line, Daewoo International Corp. has embarked on overseas resource development project. Starting with offshore gas field development in Vietnam in 1992, Daewoo International Corp. has engaged in 15 projects such as oil, gas, mineral and food resource throughout the world, including bituminous coal in Narrabri, Australia and palm oil in Indonesia. Such efforts leads Daewoo International Corp. to establish a solid foothold as a leading global resource developer in the world market. Myanmar offshore gas field that started its commercial production in June 2003 and Daewoo International Corp. has the rights to explore, develop and produce as well as operate.

Daewoo International Corporation

  • Founded on

    March 22, 1967

  • Represented by

    JEON BYEONG-EAL

  • Key businesses

    International trade, Project Organizing , Resource development

  • Members

    8,380 (1,911 in Korea, 6,469 Overseas Employees)

  • Overseas bases

    112 in 58 countries (as of June 2013)

  • Sales Volume

    KRW 17. 1086 trillion (2013)

  • Operating income

    KRW 158.9 billion (2013)

  • Address

    (100-753) Yonsei Severance Bldg.
    10, Tongil-ro, Jung-gu, Seoul, Korea

  • Contacts

    Tel.: 02-759-2114, Fax: 02-753-9489