Call Toll Free - 888-670-1195
2018 Skyjack SJ1056 Image
Stock Number: EQC012374
Make: Skyjack
Model: SJ1056
Year: 2018
2018 Skyjack SJ1056 Details
2015 Terex CTT 121A-5 TS16 Image
Stock Number: 600017
Make: Terex
Model: CTT 121A-5 TS16
Year: 2015
2015 Terex CTT 121A-5 TS16 Details
2007 Potain HDT80 Image
Stock Number: 600194
Make: Potain
Model: HDT80
Year: 2007
2007 Potain HDT80 Details
2013 Hyundai 110D-7E Image
Stock Number: EQU010604
Make: Hyundai
Model: 110D-7E
Year: 2013
2013 Hyundai 110D-7E Details
2012 Miller Big Blue 400D Image
Stock Number: 231276
Make: Miller
Model: Big Blue 400D
Year: 2012
2012 Miller Big Blue 400D Details
2008 Combilift C12000SL Image
Stock Number: EQU008108
Make: Combilift
Model: C12000SL
Year: 2008
2008 Combilift C12000SL Details
 
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.

  • Nissan Warehouse Forklifts
    Platform lift trucks are well known to be used in different industrial and construction operations. Using these types of equipment can help to transform a job which is usually performed by 3 or 2 individuals... More
  • Kaldnes Big Forklift
    High Impact Lift Truck Safety Occupational Safety and Health Administration or OSHA statistics have proven that nearly all of the accidents caused by lift trucks also occur from the failure of individuals following correct safety... More
  • Yale Cushion Tire Forklift
    Yale Cushion Tire Trucks Yale's Internal Combustion cushion tire unit forklift has been designed and made to specially meet all the needs of numerous industry specific applications. The GM in-line 2.4L and 4.3L engines, together... More
  • Caterpillar Aerial Lifts
    There are numerous options for access platforms these days. There is a lift designed for practically any business and jobsite use. These self-propelled machinery increase efficiency and boost productivity. Scissor Lifts Scissor lifts are constructed... More
  • Doosan Outdoor Forklifts
    Nearly all types of forklift are particularly designed to utilized in retail store or warehouse environment. These models have very efficient engines but do not have much heft and their tires are meant just to... More