With over 100 global networks around the world, Daewoo International does various business with local and international customers, carrying a wide range of products including steel, metal, machinery, automotive component, Industrial electronics, steel raw material, non-ferrous metal, chemical and agro-fishery product. In addition, Daewoo International Corp. not only engages in the export and triangular trade of industrial machines and equipments, but also plays a critical role as a project organizer in the implementation of overseas development project such as power generation, railroad, ports, plants and IT facility.
In an effort to improve its business structure to strengthen what has been a weak bottom line, Daewoo International Corp. has embarked on overseas resource development project. Starting with offshore gas field development in Vietnam in 1992, Daewoo International Corp. has engaged in 15 projects such as oil, gas, mineral and food resource throughout the world, including bituminous coal in Narrabri, Australia and palm oil in Indonesia. Such efforts leads Daewoo International Corp. to establish a solid foothold as a leading global resource developer in the world market. Myanmar offshore gas field that started its commercial production in June 2003 and Daewoo International Corp. has the rights to explore, develop and produce as well as operate.
Daewoo International Corporation
Trade Professionals
With diverse business experiences in import, export and triangular trade, members of Daewoo International Corp. accumulate wide knowledge and know-how to serve as a project organizer who can deal with complicated project combined trade, financing, engineering and manufacturing. In addition, 40 percent of members are specialists in international trade and investment with international working experience and they have ability to identify new business opportunities, secure necessary sources and develop markets.
Global Network
With over 100 global networks, Daewoo International Corp. have business relations worth USD 16.7 billion dollars with long term blue-chip partners across 180 countries every year.
Stable Business Portfolio
All business units of Daewoo International Corp. report at least several hundred billion won of sales every year, with six of them reporting over a trillion won. Its business units work together to generate synergies, helping reinforce the sources of income for the entire enterprise.
Brand Value and Credibility
Using the high level of awareness of its brand “Daewoo” in international markets and its high credibility as a trade professional, Daewoo International Corp. aids promising SMEs in their expansion into global markets.
IT based RTE (Real-Time Enterprise)
Daewoo International Corp. is the first general trader to become a global real-time enterprise based on IT infrastructure driving knowledge based operation. Its head office and branches share operating information in real time via IT and implement slick operation on a global scale.
Daewoo International Corp. is raising its status as a leader in trade and overseas investment, reaping revenues from various sources: not only from international trade, which is its main area of operation, but also from its investment in manufacturing and production, along with from the development of energy and mineral resources overseas.
Oil - Gas
Oil and gas development is one of Daewoo International Corporation’s key sources of growth. It has now 9 oil/gas development projects going on around the world, including oil production at offshore field 8 in Peru that started in 1996, LNG plant operation in Oman that started in 1997, and gas production at offshore field 11-2 in Vietnam. It also seeks development opportunities around the world, including offshore gas production in offshore gas fields A-1 and A-3 in Myanmar, offshore mine exploration in AD-7, onshore exploration in fields RSF-7 and MOGE-8 in Myanmar and offshore exploration in field 6-1 in Korea. It participates in the development of tight oil gas in Canada amid the increased attention being given to non-traditional resources including shale gas.
Minerals
Daewoo International Corporation is involved in 6 projects for developing mineral resources throughout the world in an effort to secure resources for the future and enhance long-term profitability. Projects include nickel development in Ambatobi, Madagascar as part of efforts to expand into Africa, along with tin development in Mayo Darle, Cameroon. The bituminous coal development in Narabri, Australia, one of the aforementioned 6 development projects, allows the company to secure 1.5 million tons of quality coal for power generation, out of 6 million in total. The other projects include uranium development in Australia and Canada and copper mine development in Bolivia. Based on the wealth of experience from these development projects, Daewoo International Corporation will expand its business to develop strategically important minerals such as cooper, uranium, iron ore, and tin in such countries as South East Asia, South America, Africa, and Australia.Food & Forest
Daewoo International Corporation seeks opportunities to develop food resources overseas to secure stable sources of palm oil, rice, beans, wheat and other crops and develop forest resources to seek high value-adding sources. It is working to be the first Korean general trading company to operate a palm oil farm in the province of Papua, Indonesia. Stretched over an area of 36,000 ha, the farm will produce 120,000 tons of palm oil, starting from 2015.
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