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Daewoo International Corporation

Daewoo International Corporation is a Korea-based company specialized in the provision of trade services. Headquartered in Seoul, Korea, the Company operates its business through two divisions: trade, and manufacturing and distribution. Its trade division provides distributors and retailers with steels, metals, chemicals, automobile parts, machines, electronics, fibers, energy and other related products. Its manufacturing and distribution division manufactures automobile seats, polyurethane, raw fabric and other related products, and distributes goods through a department store in Gyeongsangnam Province, Korea. During the year ended December 31, 2007, the trade division accounted for approximately 97% of the Company's total revenue. The Company established a Korea-based wholly owned subsidiary, DAEWOO TEXTILE BUKHARA LLC, which is mainly engaged in manufacturing of textiles, effective September 3, 2008.

  

News

Asian Markets Overview of February 25

🕔2/25/2010 1:30:31 PM 11026

Asian markets mostly dropped on Wednesday. Resources shares across the region were hit by falling metals prices. Japan's Nikkei 225 fell 1.5 per cent, South Korea's Kospi shed 1.0 per cent and Hong Kong's Hang Seng Index lost 0.8 per cent. The markets also weighed down by U.S. consumer confidence and German business sentiment. But China's Shanghai Composite rebounded 1.3 per cent as monetary tightening worries eased.

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Asian Markets Overview of February 11

🕔2/11/2010 1:30:37 PM 11606

Most asian markets were higher on hope of a rescue package for Greece yesterday. Japan's Nikkei index ended up 0.3%, and Hong Kong's Hang Seng Index added 0.7%. Both China's Shanghai Composite and Taiwan's Taiex climbed 1.1%. Japanese market is closed on Thursday for National Foundation Day, while Taiwan market is closed for Pre-Chinese New Year.

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Asian Markets Overview of January 15

🕔1/15/2010 1:30:41 PM 12154

Wall Street shares on Thursday shrugged off the news of disappointing economic data and rebounded from early loss. US retail sales fell unexpectedly by 0.3 per cent in December, a poor sign for the holiday shopping season. The market rise was led by technology shares as investors were expecting strong numbers from Intel.

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Australian Market Report of November 24: Solid Gains in Overseas Markets

🕔11/24/2009 1:00:00 PM 12484

US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero.

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Daewoo International (SEO:047050) to Invest in Australian Coal Mine

🕔8/25/2009 4:20:14 PM 11762

South Korea's trading firm Daewoo International Corp. (SEO:047050) will set up an affiliate in Australia this year to buy a 5% stake in a bituminous coal mine. The new entity, named Daewoo International Australia Holdings, will invest in the Narrabri coal mine owned by Australian mining company Whitehaven Coal Ltd.

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Australian Market Report of August 7: Concerns over US Jobs Data

🕔8/7/2009 1:00:23 PM 14429

US stocks fell for a second day on Thursday as investors worried over the key employment figures, which are scheduled to release on Friday. Most economists expect the data will show the unemployment rate climbed to 9.6 per cent, from a 26-year high of 9.5 per cent in June.

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Australia Market Report of October 21: A Sign of Recovery

🕔10/21/2008 1:00:19 PM 9620

Overnight US stocks rallied and commodity gained after the Federal Reserve's chairman backed more government spending to help the economy and credit market conditions showed further signs of improvement.

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    Principal Sector
  • International Trade 
  • Principal Industry
  • Industrial 
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  • www.daewoo.com

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