Komatsu Bulldozer Ripper Cylinder in Fresno - We are the biggest distributor of Loader Attachments in Fresno. Our qualified Fresno staff of parts specialists are prepared to help you obtain the parts you're after.
During the month of March of 1967, the Daewoo Group was founded by Kim Woo-Jung. He was the son of Daegu's Provincial Governor. He first graduated from the Kyonggi High School and afterward studied at Yonsei University in Seoul where he finished with an Economics Degree. Daewoo became one of the Big Four chaebol within South Korea. Growing into an industrial empire and a multi-faceted service conglomerate, the company was famous in expanding its global market securing various joint ventures worldwide.
During the 1960's, park Chung Hee's government began to encourage the growth and development in the country after taking office at the end of the Syngman Rhee government. Exports were promoted in addition to financing industrialization and increasing access to resources to provide protection from competition from the chaebol in exchange for political support. At first, the Korean government initiated a series of 5 year plans under which the chaebol were needed to achieve a series of specific basic objectives.
Once the second 5 year plan was applied, Daewoo became a major player. The business significantly benefited from government-sponsored cheap loans that were based on probable profits earned from exports. At first, the business focused on labor intensive clothing industries and textile that provided high profit margins. South Korea's large labor force was the most important resource in this particular plan.
The time period between 1973 and 1981 was when the third and fourth 5 year plans occurred for the Daewoo Business. In this era, the country's workers was in high demand. Korea's competitive edge began eroding as competition from other countries started to happen. In response to this change, the government responded by concentrating its effort on electrical and mechanical engineering, shipbuilding, construction efforts, petrochemicals and military initiatives.
In the end, Daewoo was forced by the government into shipbuilding. Even if Kim was hesitant to enter the trade, Daewoo rapidly earned a reputation for manufacturing competitively priced ships and oil rigs.
Throughout the subsequent decade, the Korean government became a lot more open-minded in economic policies. As the government reduced positive discrimination, loosened protectionist import restrictions and encouraged small, private companies, they were able to force the chaebol to be much more assertive overseas, while supporting the free market trade. Daewoo effectively established various joint ventures with American and European businesses. They expanded exports, semiconductor design and manufacturing, machine tools, aerospace interests, and various defense products under the S&T Daewoo Business.
Daewoo finally started constructing cheaper civilian helicopters and airplanes compared to counterparts in North America. Afterward the business expanded more of their efforts into the automotive trade. Impressively, they became the 6th biggest automobile maker on the globe. During this particular time, Daewoo was able to have great success with reversing faltering businesses in Korea.
In the 1980s and the early part of the 1900s, the Daewoo Group expanded into various other sectors comprising telecommunication products, computers, consumer electronics, buildings and musical instruments like for instance the Daewoo Piano.
