Although Mr. Kim lived out of public view after the disintegration of Daewoo in 1999, he remained a business legend in South Korea. Mr. Kim built Daewoo from a one-room textile exporter with a five-person staff in 1967 into South Korea’s second largest “chaebol,” or business conglomerate. The brand name Daewoo has largely disappeared in South Korea. But dozens of executives who started their careers under Mr. Kim and still call themselves “Daewoo men” lead South Korean companies today. Thousands of former Daewoo employees, business tycoons and politicians paid tribute on Tuesday and Wednesday at a funeral altar set up at the hospital.

Source: International New York Times December 11, 2019 15:56 UTC