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 billion ($75 billion today). Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies.
Source: Wikipedia, "Daewoo", available under the CC-BY-SA License.