Stock Number: EQU005195
Make: Genie
Model: GTH1056
Year: 2011

Stock Number: 232199
Make: WackerNeuson
Model: WK HI400HD D
Year: 2013

Stock Number: 1-16-600262
Make: Jekko
Model: SPX424
Year: 2017

Stock Number: EQC014231
Make: CAT
Model: DP50CN1
Year: 2014

Stock Number: 301399
Make: Capacity
Model: TJ7000
Year: 2004

Stock Number: EQU006526
Make: Ottawa
Model: 50
Year: 2009

Stock Number: 232040
Make: Magnum
Model: MMG35
Year: 2013

Stock Number: 207391
Make: Mitsubishi
Model: FG30N-LP
Year: 2013

Stock Number: EQU002488
Make: CAT
Model: GC70K
Year: 2003

Stock Number: 208381
Make: CAT
Model: GC55K
Year: 2015

Stock Number: 2-18-EH150751
Model: WG3-12-550

Stock Number: EQU003437
Make: Yale
Model: GDP050
Year: 2011

Daewoo Big Forklifts

Daewoo Big Forklifts

Daewoo expanded into the construction industry, serving a development program for rural Korea, the new village movement. The corporation also capitalized on the growing Middle Eastern and African markets. Daewoo received its GTC designation at this time. Major investment assistance was provided by the government of South Korea to the company in the form of subsidized loans. The competing countries were angered by the strict import controls of South Korea, but the government knew that, without help, the chaebols would never survive the world recession caused by the oil crisis in the 1970s. Protectionist policies were necessary to make sure that the economy continued to grow.

Daewoo's move into shipbuilding was required by the government, even if Kim felt that both Samsung and Hyundai had greater knowledge in heavy engineering and was more suitable to shipbuilding than Daewoo. Kim did not want to take responsibility for the largest dockyard within the world, at Okpo. He said lots of times that the Korean government was stifling his entrepreneurial instinct by forcing him to undertake actions based on duty rather than profit. Despite his unwillingness, Kim was able to turn Daewoo Shipbuilding and Heavy Machinery into a very profitable company manufacturing competitively priced ships and oil rigs on a tight production schedule. This took place during the 1980s when South Korea's economy was experiencing a liberalization stage.

The government during this time was lessening its protectionist measures that helped to fuel the rise of small businesses and medium-sized companies. Daewoo had to divest two of its textile corporations at this time and the shipbuilding business was starting to attract more foreign competition. The goal of the government was to shift to a free market economy by encouraging a more effective allocation of resources. Such a policy was intended to make the chaebols more aggressive in their worldwide dealings. Nevertheless, the new economic conditions caused some chaebols to fail. The Kukje Group, one of the competitors of Daewoo, went into liquidation during 1985. The shift of government favour to small private businesses was meant to spread the wealth which had before been concentrated within Seoul and Pusan, Korea's industrial centers.

  • Taylor Lifts
    No matter what type of company or industry you are a part of, it would be necessary to have a forklift if you have components or ... More
  • Hyster Counterbalance Forklift
    The Hyster Company always strives to improve its products and provide drivers with improved comfort, productivity and excellent ... More
  • Jungheinrich LP Forklift
    Lift trucks are essential pieces of equipment utilized commonly in business, especially in distribution centers, warehouses, storage ... More
  • JLG Boom Lifts
    The boom lifts engineered by JLG could get you into position efficiently, quickly and safely for maximum production. Excellent ... More
  • Genie Electric Boom Lifts
    Genie aerial work platforms are versatile, user-friendly, effective equipment that are a economical solution for numerous business ... More