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Welcome to WheelStory ✍️ In this video, we uncover the shocking rise and fall of Daewoo — one of South Korea’s most powerful conglomerates. Founded by Kim Woo-jung in 1967 with just five employees, Daewoo grew into a global empire spanning shipbuilding, electronics, construction, and automobiles. By the 1990s, it had become South Korea’s second-largest chaebol, exporting cars like the Daewoo Tico and LeMans to dozens of countries. But behind the success lay a dangerous secret — a mountain of hidden debt that would eventually lead to one of the largest corporate collapses in Asian history. From the economic miracle of South Korea to the devastating 1997 Asian Financial Crisis, this documentary explores how ambition, debt, and politics built and destroyed the Daewoo empire. 📌 Chapters 00:00 Intro 01:51 The Origins of Kim Woo-jung and Daewoo 05:20 The Sixth Largest Car Manufacturer in the World 11:01 The 1997 Crisis and Daewoo's Bankruptcy 14:47 The Present and Legacy of Daewoo 🚗 Daewoo’s story is not just about cars or business — it’s about vision, excess, and the high price of unchecked ambition. 📺 This channel is for car lovers, business enthusiasts, and history buffs. Subscribe and don’t miss a single documentary episode from WheelStory. #AutomotiveHistory #WheelStory #CarDocumentary #BusinessLegends #CarBrands #Daewoo #DaewooHistory #KimWooJung #DaewooTico #DaewooMotors #DaewooCollapse #AsianFinancialCrisis #Chaebols #SouthKoreaHistory #AutomotiveDocumentary