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A History of Korean Gaming

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대우전자 Daewoo Electronics

Founded:

1974

Status:

Assimilated into the new Daewoo Electronics

Key People:

金宇中 김우중 Kim Woochoong:
Founder & Chairman Daewoo Group
裵洵勳 배순훈 Bae Sunhun:
President (1991-1995)
CEO (1995-1997)
전주범 Jeon Jubeom:
CEO (January - December 1998)

Website:

www.dwecc.com (new Daewoo Elec)


Daewoo Electronics manufactured the first Korean video game console ever, the MSX based Zemmix in 1985. The system was subsequently upgraded with new revisions until 1991, when the company abandoned the brand. They also licensed the PC-Engine Shuttle in 1990. During the 90's. For a while, Daewoo also had intentions to bring the PSX to Korea1, but in the end all they ever contributed to the gaming world in the latter half of the 1990s was the publishing of some insiginificant Japanese PC games.

Despite its success, the Daewoo group was hit hardest by the big Asian financial crisis in 1997, leading to the disintegration of the group in 1999 and chairman Kim Woochoong's escape to Southeast Asia as a fugitive in a huge fraud affair (he returned to Korea to surrender himself and was sentenced in 2005). Daewoo Electronics went under with the group, but was assimilated into a newly formed company by the same (English) name in 2002. This new company isn't active in the game business at all, though.


References
1. Maeil Gyeongje 2/20/1995, page 1


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