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Daewoo.

ORGANIZATION

Daewoo (Korean for "Great Universe") was a major South Korean chaebol (conglomerate). It was founded on 22 March 1967 as Daew

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Bloomberg

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GALLERY.

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Nabeel Burasli (L), chairman of Kuwait Oil Tanker Co. (KOTC), and President and CEO of Daewoo Shipbuilding and Marine Engineering Co. (DSME), Nam Sang-tae, pose for a picture after signing a shipbuilding contract in Kuwait city on January 30, 2012.

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$Liquefied natural gas (LNG) tanker Al Ruwais, constructed by Daewoo Shipbuilding and Marine Engineering Co., is seen during its trial voyage near Geoje, southeast of Seoul, in this undated handout photo. South Korea surpassed China as the industry\'s most sought after shipbuilder in the first half of 2011 as shipowners ordered more liquefied natural gas (LNG) tankers, mega containerships and other complex vessels in which South Korea specializes. The industry has turned away from \$

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$Foreign currency dealers of Daewoo Securities look at a computer monitor in front of a screen displaying the Korea Composite Stock Price Index (KOSPI), at the stock firm\'s dealing room in Seoul August 5, 2011. South Korean shares fell on Friday for the fourth consecutive session, with shipbuilders leading declines on concerns over meager global economic growth. The KOSPI ended 3.7 percent lower at 1,943.75 points.$

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Nabeel Burasli (L), chairman of Kuwait Oil Tanker Co. (KOTC), and President and CEO of Daewoo Shipbuilding and Marine Engineering Co. (DSME), Nam Sang-tae, pose for a picture after signing a shipbuilding contract in Kuwait city on January 30, 2012.

Liquefied natural gas (LNG) tanker Al Ruwais, constructed by Daewoo Shipbuilding and Marine Engineering Co., is seen during its trial voyage near Geoje, southeast of Seoul, in this undated handout photo. South Korea surpassed China as the industry's most sought after shipbuilder in the first half of 2011 as shipowners ordered more liquefied natural gas (LNG) tankers, mega containerships and other complex vessels in which South Korea specializes. The industry has turned away from "cookie-cutter" dry bulk carriers and tankers, segments dominated by Chinese shipbuilders, due to an oversupply of vessels that have depressed freight markets and bankrupted many shipping firms. To match Analysis CHINA-SHIPBUILDERS.

Foreign currency dealers of Daewoo Securities look at a computer monitor in front of a screen displaying the Korea Composite Stock Price Index (KOSPI), at the stock firm's dealing room in Seoul August 5, 2011. South Korean shares fell on Friday for the fourth consecutive session, with shipbuilders leading declines on concerns over meager global economic growth. The KOSPI ended 3.7 percent lower at 1,943.75 points.

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