Daewoo High Capacity Forklift Salt Lake City

During the early part of the 1960s, South Korea was experiencing a serious trade deficit. The domestic market of the country was not really that strong to support domestic businesses. Following WWII, when Korea was divided by the Allies, all the natural resources were in the territory north of the 38th parallel. With its stronger military, North Korea, wasted little time before invading the South following the withdrawal of the U.S. military. In the year 1953, the country was finally at peace, and South Korea began an intensive drive towards economic development, transforming quickly from an agrarian economy to an industrial, centrally planned economy. Determined to never again experience hostile invasions and lack of essential resources, South Korea became an economic miracle. Daewoo Group was founded by Kim Woo Choong in this period of economic emergence. Daewoo, that means "Great Universe," was founded during the year 1967.



The initial share capital of the company was just $18,000, but Kim along with his partners believed that the business will become a great success. This proved true, and Daewoo went on to become one of the country's largest chaebols, or businesses. The corporation had operations within a wide array of businesses, like building ships, motor vehicles, heavy industry, aerospace, telecommunications, consumer electronics, financial services and trading. Exports were promoted heavily and a network of offices was established abroad. Eventually, there were more than 100 branches throughout the world. The corporation at its peak sold thousands of various items in over 130 nations. By the late 1990s the corporation had become significantly overextended. The corporation was really in debt, and Kim faced charges of corporate wrong doing. The South Korean government ordered the company dismantled during 1999 and other corporations purchased most of Daewoo's holdings.

• TCM Warehouse Forklifts Salt Lake City
  Electric forklift models make up almost sixty percent of the whole material handling market. Powering these units are extremely heavy lead-acid batteries. Due to their massive weight, these batteries naturally offer much of the counterweight.... More
• Kalmar Large Capacity Forklift Salt Lake City
  In order to be profitable in the business of handling empty containers, the goal of the game is to transport as many units as possible in the shortest amount of time. These jobs should be... More
• Toyota Narrow Aisle Forklift Salt Lake City
  Very Narrow Aisle Employment is on the rise and the economy is easing, the stock market is showing some signs of strength, which has helped to enhance the overall feelings of the consumer. Most indicators... More
• Taylor Cushion Tire Forklifts Salt Lake City
  Buying Tips There can be numerous factors to take into account when purchasing a forklift. Deciding on the best machinery can have a big effect on everything from productivity to operating expenses, to equipment downtime... More
• Toyota Order Picker Forklifts Salt Lake City
  Efficient order picking is amongst the main problems for a lot of companies. Toyota Material Handling Europe has made the BT Optio Series. They fully know effectiveness and have designed the series to meet and... More