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A SOUTH KOREAN GUARD OPENS GATE IN SEOUL, 1999-09-01 (photo)

A SOUTH KOREAN GUARD OPENS GATE IN SEOUL, 1999-09-01 (photo)
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IMAGE number
REU8474646
Image title
A SOUTH KOREAN GUARD OPENS GATE IN SEOUL, 1999-09-01 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-09-01
Image description

The logo for South Korea's embattled Daewoo Group is seperated as a security guard opens the gate into a Daewoo construction site in Seoul September 1. Daewoo, the country's second-largest business conglomerate, is set to break up as a result of a revival plan to overcome a severe internal financial crisis. The group had said it would sell the Seoul Hilton Hotel (background) to a Luxembourg-based company for more than $200 million but recently declared the deal had collapsed. Under the group's revival plan, Daewoo would sell most of its 22 affiliates and focus on its auto-making business. YCS/PB

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REUTERS/Yun Suk Bong / Bridgeman Images
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