Daewoo International Corporation

A locomotive for national economic development since its founding in 1967 as Daewoo Industrial Co., Ltd., today's "Daewoo International Corporation" is the new vanguard of Korean trade. The company played a leading role in overcoming economic crisis in 1998 by achieving top results in export and trading surplus.

Throughout it's long history, the company also played a major role as a vanguard in nongovernmental diplomacy. The company's dynamic trade policies led to the establishment of diplomatic ties with 13 nations as well as to the expansion of export markets by setting up Korea's first trade branch offices in 37 countries.

Daewoo Corporation was reorganized into three new companies in order to normalize all operations: Daewoo International Corporation in trade, Daewoo Engineering Construction Co., Ltd. in construction, and Daewoo Corporation in others.

Having normalized operations, Daewoo International is leaping into the new millenium with more than three decades of international marketing expertise, international trading manpower, high quality products, and all-inclusive domestic and international sales networks. With such reliable qualifications, the company looks forward to positioning itself as a truly global leader in world trade.

Creativity:
Armed with the latest information and plenty of flexibility, the people at Daewoo International are creative and innovative. Thus we readily adapt to change while forging into the future with new ideas for both personal and corporate success.

Challenge:
The spirit of challenge is essential to Daewoo International personnel, who welcome challenges as opportunities for continued personal and corporate growth. This pioneering spirit guarantees plenty of progress for everyone.

Trust:
A corporate entity must offer clients, partners, shareholders and society in general plenty of trust and reliability. Corporate and public prosperity depend on honesty and transparency, as well as efficiency and excellence in all operations. We provide all of these, and more.

Trustworty Management:
Daewoo International is applying uniform standards and principles to all accounting and control systems for honesty and accuracy in all transactions. By providing transparent accounting, the company earns the trust of shareholders, investors and clients. The company has affected an ERP system, the first general trading company in Korea to do so, as a means to achieving status as a truly trustworthy corporation.

Open Management:
In a radical departure from traditional corporate systems, Daewoo International is affecting horizontal suggestion and decision-making processes, as well as reverse systems of suggestions from the bottom up. Only through open channels of communication among and between all, from office workers to top management, can a company survive the rigors of today's highly competitive corporate environment. Through monthly meetings, management presents in detail managerial policies and directions in order to achieve consensus in all relevant matters.

Plus Management:
Daewoo International is aiming at high profit, value added activities rather than sheer volume for the sake of volume. By concentrating on core activities and products that meet increasingly sophisticated requirements, the company hopes to reward investors and shareholders for their trust and support.

Satisfaction-oriented Management:
Daewoo International intends to increase the value of stocks by offering a portion of surplus profits and funds to shareholders and a portion to personnel as rewards for their efforts. The company is implementing management policies that provide satisfaction to all.


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