Daewoo Big Forklifts Houston

Daewoo expanded into the construction business, serving a development program for rural Korea, the new village movement. The corporation also took advantage of the growing African and Middle Eastern markets. Daewoo was given its GTC designation during this time. The South Korean government offered major investment support to the corporation in the form of subsidized loans. The strict import controls of South Korea angered competing countries, but the government knew that, without help, the chaebols would never survive the global recession caused by the 1970's oil crisis. Protectionist policies were needed to make sure that the economy continued to grow.



Daewoo's move into shipbuilding was required by the government, even though Kim felt that both Hyundai and Samsung had greater knowledge in heavy engineering and was more suited to shipbuilding than Daewoo. Kim did not want to take responsibility for the biggest dockyard in the world, at Okpo. He stated many times that the government of Korea was stifling his entrepreneurial instinct by forcing him to undertake actions based on responsibility instead of revenue. In spite of his unwillingness, Kim was able to turn Daewoo Shipbuilding and Heavy Machinery into a really successful corporation making ships and oil rigs that are competitively priced on a tight production timetable. This took place during the 1980s when South Korea's economy was experiencing a liberalization stage.



During this period, the government relaxed its protectionist measures and encouraged the existence of medium- and small-sized companies. Daewoo was forced to rid two of its crucial textile companies, and its shipbuilding industry faced stiffer competition from overseas. The government's goal was to shift to a free market economy by encouraging a more effective allocation of resources. Such a policy was meant to make the chaebols more aggressive in their global dealings. Nonetheless, the new economic conditions caused some chaebols to fail. The Kukje Group, one of Daewoo's competitors, went into liquidation during the year 1985. The shift of government favour to small private companies was intended to spread the wealth that had previously been concentrated within Seoul and Pusan, Korea's industrial centers.

• Terex Aerial Work Platforms Houston
  Overview Telescopic booms provide much greater horizontal outreach compared to different kinds of aerial platform equipment. They are the ideal choice for places that have limited access in industrial applications and construction. Terex Telescopic S-Booms... More
• Taylor Large Capacity Forklifts Houston
  Taylor Machine Works has engineered and developed the T-Series machinery which would handle the most difficult tasks required for materials handling. The rigid chassis construction, along with the highest quality parts and the matched power... More
• Genie Zoom Boom Houston
  During 1966, Bud Bushnell established Genie Industries. During that time, he purchased the manufacturing rights to a material lift that functioned on compressed air. The name Genie came from the "magic in the bottle" that... More
• Jungheinrich LP Forklift Houston
  The lift truck is an important piece of machinery in most companies that operate distribution centers, warehouses, storage handling and industrial facilities. This great machinery, the lift truck is constructed of numerous parts, like the... More
• Hyundai Stand Up Forklifts Houston
  Skills of a Stand Up Forklift Operator The powered industrial truck or forklift is a heavy duty machine found in almost every factory and warehouse. These reliable and tough equipment can raise and transport heavy... More