Age, Biography and Wiki
Kim Woo-choong was born on 19 December, 1936 in Daegu, Japanese Korea, is a Founder. Discover Kim Woo-choong's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 83 years old?
| Popular As |
N/A |
| Occupation |
Businessman |
| Age |
83 years old |
| Zodiac Sign |
Sagittarius |
| Born |
19 December, 1936 |
| Birthday |
19 December |
| Birthplace |
Daegu, Japanese Korea |
| Date of death |
(2019-12-09) Suwon, Gyeonggi Province, South Korea |
| Died Place |
Suwon, Gyeonggi Province, South Korea |
| Nationality |
Japan |
We recommend you to check the complete list of Famous People born on 19 December.
He is a member of famous Founder with the age 83 years old group.
Kim Woo-choong Height, Weight & Measurements
At 83 years old, Kim Woo-choong height not available right now. We will update Kim Woo-choong's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Kim Woo-choong Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Kim Woo-choong worth at the age of 83 years old? Kim Woo-choong’s income source is mostly from being a successful Founder. He is from Japan. We have estimated
Kim Woo-choong's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Founder |
Kim Woo-choong Social Network
| Instagram |
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| Wikipedia |
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Timeline
On December 9, 2019, Kim died due to pneumonia at Ajou University Hospital in Suwon.
Citing health concerns, his sentence was reduced to 8 and 1/2 years; then on 30 December 2007, he was pardoned by President Roh Moo-hyun. South Korean presidents traditionally hand out pardons for the new year.
In May 2006 he was sentenced to 10 years in jail after being found guilty of charges including embezzlement and accounting fraud. 21 trillion won ($22bn USD) of his fortune was seized and he was fined an additional 10 million won (about $10,000 USD).
He was arrested soon after he returned to South Korea on June 14, 2005, and apologized "for hurting the nation" and accepted full responsibility for the collapse of the group, adding that he was "ready to accept whatever the authorities have in store for him," according to the Chosun Ilbo.
However, due to its rather hollow financial structure, even though it had the most overseas branch offices, when the Asian Financial Crisis hit in 1997, the unstable Daewoo Group plummeted. It had to sell off nearly 50 division corporations, only focusing on the major companies.
After graduating from Yonsei, he entered a small trading corporation specializing in textiles and clothing. He left and created Daewoo Industries with five other associates. Using his connections in the alumni of the Yonsei and with political backing, he managed to do well, and consecutively bought many different companies. Daewoo Group was originally built on companies that were bought, often distressed companies. Kim was successful in transforming near-bankrupt companies into successful enterprises. By the 1990s, with a history of some 30 years, Daewoo Group was listed as second in assets and third in revenues in Korea. This rapid growth was remarkable in comparison to how the other two of the Big 3 Korean companies, (Hyundai, LG, Samsung), made their mark.
Kim Woo-Choong (December 19, 1936 – December 9, 2019) was a South Korean businessman who was the founder and chairman of Daewoo Group until its collapse in 1999.
