Kim Sung-tae

Biography

Daewoo Securities was founded in 1970 as part of the Daewoo Corporation, the second largest conglomerate in Korea after Hyundai. The Daewoo Corporation was better known as an industrial conglomerate, making cars and ships and operating steel works. The South Korean state encouraged large and paternalistic conglomerates to use their capital to expand into unrelated businesses, protected by high tariff barriers and arcane regulations. In this way the car and steel giant Daewoo branched out into dealing in securities.

Research Interest

 Securities