Daewoo Electronics Corporation

Daewoo Electronics'' vision is to become a global high-tech manufacturer that offers the widest array of superior - yet affordable-cutting-edge consumer electronics. Daewoo Electronics'' products are designed with today''s families in mind and with an emphasis on enhancing healthy lifestyles through state-of the-art and environmentally friendly technologies. Additionally, while maintaining the highest standards of quality, corporate accountability and management practices, Daewoo Electronics endeavors to seek out new business opportunities. Daewoo Electronics will achieve this with a foundation of stable growth and a strong focus on core competencies and its development into a world-class and comprehensive electronics company. For the next several years and well into 2005, Daewoo Electronics expects its sales revenues to increase on an annual basis. The Company is currently targeting USD 1.3 billion in revenue from it''s A/V business, USD 802.4 million in revenue from its refrigerator and air-conditioner business, and USD 801.4 million in revenue from its home-appliance business, for a total revenue target of USD 2.96 billion by 2005. Accordingly, Daewoo Electronics will continue to grow its core businesses by increasing the level of its capital investments made in 2002 by fivefold-to USD 245 million within the next three years-in order to develop the next-generation of cutting-edge consumer electronics, as well as to enhance existing lines of business. Based on an R&D investment plan, Daewoo Electronics expects to make its advanced digital product business account for 30% of total sales revenue and 60% of total operating income by 2005. 1971, Established Daewoo Electronics 1984, First Korean company to export VCRs 1985, Completed Kumi TV Plant, Korea 1988, Established VCR plant in Northern Ireland 1993, Announced a new business strategy calles TANKism , which is Daewoo Electronics'' philosophy of manufacturing sturdy, reliable and well-made products that are desinged to last just like a tank. Also established a manufacturing facility in Vietnam 1993, Established consumer electronics plant in Uzbekistan 1993, Established a television plant in Poland 1994, Developed diamond-like, carbon- coated head drum VCR 1997, Established an integrated consumer electronics plant India 1997, Selected as one of the World''s Most Admired Companies by Fortune Magazine 2000, Exported 32 screen digital HDTV 2000, Launched the DQD-2000 DVD Player 2001, Exported a new line of PDP television to Europe 2001, Launched a 36 screen digital HDTV 2002, Launched Korea''s First 40 GB HDD Video Recorder. 2002. Introduced a DVD Combo player called TWO+ . 2002, Received the 2002 Korea Industrial Design Presidential Award. 2002, Renamed Daewoo Electronics Corp. 2003, Announced a new Corporate Identity. 2003, Introduced a new 29 HDTV featuring home-theater systems. 2003, Developed a world first integrated digital set-top box for Interactive home communications. 2003, Launched a new DVD combo home theater. 2004, Declared to enter the OLED business.