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Daewoo Case Study

Essay specific features

 

Issue:

Business

 

Written by:

Deon S

 

Date added:

June 24, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

34 / 9413

 

Was viewed:

9380 times

 

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Essay content:

The loss reported was also three times higher than that reported in 1999, and was ranked as South Korea's largest ever corporate loss. In addition, the company's domestic marketshare fell from 33% in 1998 to just 23% in 2000. According to analysts, Daewoo's borrowings for its expansion programs were responsible for its losses...
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The company's domestic and foreign debt amounted to more than $16.06 billion in December 1999. Moreover, its expansion into risky and uncertain markets like Vietnam and its decision to sell products at very low prices to gain marketshare had negatively affected its financial condition. Labor unrest was also one of the reasons cited by market observers for Daewoo's poor financial performance...
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