Daewoo Domestic Appliances

Daewoo microwaves make your life so much easier thanks to their dedicated settings.

Appliance Manufacturer & Brand Information

Daewoo Electronics is a home electronics company which currently produces air-conditioning units, refrigerators and washing machines that are sold globally and is is the third largest electronics firm based in South Korea after Samsung and LG.

Established in 1971, it has since grown into a global business with more than sixty four production sites, research and development and sales centres in more than forty countries worldwide.

Daewoo Electronics Sales UK (DESUK) was established in November 1993. The UK Daewoo operation majors on fridge freezers, mainly side by side American style refrigeration, home laundry products like washing machines and washer dryers, microwave ovens and vacuum cleaners.

The Daewoo company went through a bankruptcy in 1999 after Asian financial crisis and is currently owned completely by a group of creditors.

In October 2010, it was announced that the creditor group owning the company is to sell it to an Iran-based electronic company, Entekhab Industrial Group of Iran would buy the firm for $529 million in November 2010 from its creditors.

Entekhab industrial Group competed with Electrolux of Sweden for the acquisition.

In June 2011, it was reported that creditors of Daewoo decided to drop the deal with Entekhab group over funding uncertainties, Entekhab Group had threatened to take legal action in response although no reports of such action have yet come to light. At which point Electrolux was rumoured to still be interested in purchasing the Daewoo brand, reputedly to expand its presence in the Asian region, but none of the rumours ever came to fruition and up until this point if writing in 2012 Daewoo's future remained uncertain.

Then late in August 2012 Daewoo was bought fro its creditors by the Dongbu Group who outbid Sweden's Electrolux. Quite what this means for Daewoo in the future is unclear.