At its peak, Daewoo Group had been Korea's fourth largest business conglomerate along with Hyundai, Samsung, and LG.

The sprawling company rocketed upwards on the back of a favorable political environment and heaps of debt.

Then in a shocking two year span, the whole group broke apart under the weight of its liabilities, a crushing recession, and widespread fraud.

Daewoo's collapse tarnished the legacy of founder and chairman Kim Woo-Choong, who had to flee the country until he received a pardon.

In this video, we will look at the rapid rise and startling collapse of Korea's Daewoo Group.

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