Daewoo Case Study

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Title: Daewoo Case Study

Essay Details:

Subject: Business

Author: Rick N

Date: December 6, 2016

Level: University

Grade: A

Length: 32 / 9413

Essay text:

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. 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...

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