Daewoo International Corporation
Company Information

Daewoo International Corporation Company Profile

Its predecessor was created in 1967 to sell nylon to Southeast Asia, but Daewoo International has stretched beyond that business to become one of South Korea's leading international trading companies. Trading primarily in steel, metals, chemicals, and textiles, Daewoo International was formed in 2000 when Daewoo Corporation, once the flagship of the defunct Daewoo Group, split into three companies. Its steel divisions trade cold- and hot-rolled steel coil and sheet, galvanized steel coil and sheet, and silicon steel, products made primarily by Korean steel titan POSCO. In 2010 POSCO acquired Daewoo International for $3 billion, in a move to boost its raw material base and its international sales.