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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 sector, helping to make the new village movement, which was a part of Korea's rural development program. The corporation was also able to take advantage of the growing markets within the Middle East and in Africa. Daewoo received its GTC designation at this time. Major investment help 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 will never endure the world recession caused by the oil crisis in the 1970s. Protectionist policies were essential to make certain 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 assume responsibility for the largest dockyard within the world, at Okpo. He stated lots of times that the government of Korea was stifling his entrepreneurial instinct by forcing him to carry out actions based on duty instead of profit. Despite his reluctance, Kim was able to turn Daewoo Shipbuilding and Heavy Machinery into a very profitable company manufacturing competitively priced oil rigs and ships on a tight production schedule. This happened in the 1980s when the economy in South Korea was experiencing a liberalization stage.

Throughout this period, the government relaxed its protectionist measures and encouraged the existence of medium- and small-sized businesses. Daewoo was forced to rid two of its crucial textile corporations, and its shipbuilding industry faced stiffer competition from overseas. The government's goal 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. Nevertheless, the new economic conditions caused some chaebols to fail. Amongst Daewoo's competitors, the Kukje Group, went into liquidation in 1985. The shift of government favour to small private companies was intended to spread the wealth that had previously been concentrated within Seoul and Pusan, Korea's industrial centers.

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