| December 10th, 2019 12:37 AM
Kim Woo-choong, founder of Daewoo business group, dies
SEOUL, South Korea (AP) — Kim Woo-choong, founder of the now-collapsed Daewoo business group whose rise and fall symbolized South Korea’s much turbulent rapid economic growth in the 1970s, has died. He was 83.
Kim died of pneumonia on Monday night at a hospital in Suwon, just south of Seoul, with his family at his side, according to the Seoul-based Daewoosky Institute, an organization of former Daewoo executives and employees.