:This article is about the chaebol Daewoo Group. For the Korean auto company Daewoo Motors that's associated with Chevrolet, see GM Daewoo. For Daewoo Automobile Romania see Oltcit, for Daewoo Automobile in Uzbekistan see UzDaewooAvto. Daewoo (Korean for "Great Universe") was a major South Korean chaebol (conglomerate). It was founded in March 22 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999. History Kim Woo-jung was the son of the Provincial Governor of Daegu. H… (More on Daewoo)