Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2006
Fraud and embezzlement conviction
Kim Woo-choong was convicted of fraud and embezzlement and sentenced to ten years in prison.
2005
Financial-crime prosecution of Kim Woo-choong
Founder Kim Woo-choong was arrested after returning to South Korea and faced charges related to accounting fraud, illegal borrowing, and the movement of funds abroad.
1999
Debt crisis and corporate collapse
Daewoo's aggressive borrowing and continued expansion during the Asian financial crisis contributed to its bankruptcy. The collapse was associated with extensive debt, losses, and allegations that the group's financial position had been misrepresented.