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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 moved into the construction business, helping to make the new village movement, that was a part of Korea's rural development program. The company was also able to capitalize on the emergent markets in the Middle East and in Africa. Daewoo received its GTC designation during this time. Major investment support was provided by the South Korean government to the corporation in the form of subsidized loans. The strict import controls of South Korea angered competing countries, but the government knew that, unaided, the chaebols would never endure the world recession caused by the 1970's oil crisis. Protectionist policies were needed to ensure that the economy continued to grow.

Daewoo's move into shipbuilding was required by the government, even if Kim felt that Hyundai and Samsung had greater expertise in heavy engineering and was more suitable to shipbuilding than Daewoo. Kim did not want to take responsibility for the biggest dockyard in the world, at Okpo. He said lots of times that the Korean government was stifling his entrepreneurial instinct by forcing him to carry out actions based on duty rather than earnings. In spite of his unwillingness, Kim was able to turn Daewoo Shipbuilding and Heavy Machinery into a successful corporation making competitively priced ships and oil rigs on a tight production schedule. This happened during the 1980s when the economy within South Korea was experiencing a liberalization stage.

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

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