Daewoo High Capacity Forklift Provo

In the early 1960s, South Korea was experiencing a serious trade deficit. The country's domestic market was not strong enough to support domestic businesses. After World War II, when Korea was divided by the Allies, all the natural resources were in the territory north of the 38th parallel. North Korea, with its stronger military, wasted little time before invading the South after the withdrawal of the U.S. military. In 1953, the nation was at peace finally, and South Korea started an intensive drive towards economic development, transforming rapidly from an agrarian economy to an industrial, centrally planned economy. Determined to never again go through hostile invasions and lack of vital resources, South Korea became an economic miracle. Daewoo Group was established by Kim Woo Choong during this period of economic emergence. Daewoo, that translates as "Great Universe," was founded in 1967.



Even if the company's initial share capital was just $18,000, Kim as well as his partners believed that the company would be successful. This proved true, because Daewoo became amongst the largest chaebols, or businesses of the country. The business had operations in a wide array of businesses, including shipbuilding, motor vehicles, heavy industry, aerospace, consumer electronics, telecommunications, trading and financial services. Exports were greatly promoted and a network of offices was established abroad. Eventually, there were over 100 branches throughout the globe. The corporation at its peak sold thousands of various products in more than 130 countries. By the late 1990s the corporation had become considerably overextended. Daewoo was seriously in debt, and Kim was accused of corporate wrong doing. The South Korean government ordered the conglomerate dismantled during 1999 and other businesses bought most of Daewoo's holdings.

• Yale Lift Truck Provo
  Yale is a global leader in the manufacture and development of innovative and high performance lift trucks. Yale Materials Handling Corporation knows the highest standards of health and safety along with environmental sustainability in their... More
• Kalmar IC Forklifts Provo
  On construction sites and business sites, the lift truck is amongst the most commonly used and effective machines. This machine is fairly capable of lifting heavy loads and moving goods easily, quickly and efficiently. There... More
• Taylor Lifts Provo
  It doesn't matter what type of business in particular you have, if there are equipment or components which need to be moved, it is definitely necessary to have a lift truck. Whenever you are in... More
• Terex Cranes Provo
  In the crane industry, the all-terrain crane is a luxury kind of a mobile hydraulic crane. The reputation of this particular crane is like driving a Range Rover or a Hummer on pavement. All-terrain cranes... More
• Hyundai Order Picker Forklift Provo
  An order picker or stock picker machinery is really similar to a typical forklift. It has hydraulic blades able to pick up a pallet. Order pickers could also lift the operator up to high places,... More