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.