1, both Korean enterprises and local consortia. They all have various industries, and the excavator industry is a subsidiary of their respective consortia.
2. During the Asian financial crisis in 1990s, the capital chain of Daewoo Group was in trouble. Daewoo Group decided to reduce its subsidiary from 465,438+0 to 65,438+02 in order to rebuild Daewoo. However, by August of 1999, the liabilities of Daewoo Group 12 companies exceeded 86 trillion won (about 800 won 1 USD), while the total assets were less than 25 trillion won. Due to insolvency and helplessness, Daewoo's plan of independent reconstruction failed to come true. 1999165438+10, the chairman Jin Yuzhong decided to resign. The general manager of Daewoo's 12 company also resigned.
Extended data
The financial crisis broke out in Asia from 65438 to 0997. Foreign banks and institutional investors began to withdraw funds. The fund-raising situation of Daewoo Group tends to deteriorate. In the past period of macroeconomic prosperity, domestic financial institutions in Korea borrowed a lot of overseas funds and lent them to chaebol enterprises like Daewoo. With the expansion of capital structure, the return on investment of Daewoo Group has improved. However, after the outbreak of the financial crisis, the high debt ratio of Daewoo Group caused a huge debt burden, and the decrease in profits led to a decline in the stock price, which caused a huge blow to investment. Daewoo Group stepped down from the altar and filed for bankruptcy.
In 2005, Doosan Group acquired Daewoo Comprehensive Machinery Company and established Doosan Basic Engineering Company to produce Doosan excavators. On April 29th, 2005, Doosan Group acquired 5 1% equity of Daewoo Integrated Machinery Co., Ltd. and changed its name to Doosan Infrastructure Support Business, thus entering the field of infrastructure support business and starting a new journey.