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Contents
Introduction
The process of the M&A
Problem of the M&A
Conclusion
Reference
Introduction
What is the Kumho Asiana Group
Kumho Asiana Group is a large South Korean conglomerate, with subsidiaries in the automotive, industry, leisure, logistic, chemical and airline fields. Originally taxi company, however, now they are major Korean conglomerate by M&A. The group is headquartered at the Kumho Asiana Main Tower in Sinmunno 1-ga, Jongno-gu, Seoul, South Korea. The group was established in 1946.[citation needed] As of 2008 the `Kumho Asiana Group` CEO is Bak Sam Koo.
Kumho Asiana Group¡¯s current condition.
Kumho Asiana Group has three departments. Which is divided three parts. First is chemical and tire part. Second part is Construction. Third part is transportation/distribution/service part. In these three parts, they have lots of small part.
Management ideology
Kumho Asiana Group has three managem¡¦(»ý·«)
1. 1999. 8. 26 - Daewoo starts the workout.
2. 2000. 12. 27 Daewoo divided the 3 companies.
3. 2006. 1. 26 - 6 Shortlists of the bidding
the foreign companies and their debt keeps going to increase and their safety of the structure was collapsing. But the owner of the Daewoo wants to keep their traditional old management strategy. That¡¯s why they didn`t bring the new and innovative management strategy. It makes them weak and unsafe structure, and they didn`t show the crisis of the company, after all they were dishonored.
The process of the M&A
1. 1999. 8. 26 - Daewoo starts the workout.
After the bankrupt, Daewoo had time to improve their financial structure¡¯s safety. It means that the financial institute in Korea, they assist the company paying back the money.
Work-out: Working of reform the Daewoo`s situation. Especially, all subsidiary of the Daewoo were dishonored and they need to do the work-out.
2. 2000. 12. 27 Daewoo divided the 3 companies.
DAEWOO
DAEWOO INTERNATIONAL
DAEWOO ENGENEERING AND CONSTRUCTION
3. 2006. 1. 26 - 6 Shortlists of the bidding
There are 6 shortlists of the bidding to get