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Private company

Winia Electronics

Logo: Winia Electronics, Public domain, via Wikimedia Commons3

South Korean home appliance company, spun off from former Daewoo Group elements

Winia Electronics, formerly named Daewoo Electronics, is a South Korean home appliances company and a member of South Korean Winia Group. Established in 1971, it has since grown into a global business with more than 64 production sites, research and development and sales centres in more than 40 countries worldwide. Daewoo Electronics absorbed the appliance division of Taihan Electric Wire in 1983, further expanding the company’s appliance unit.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1987Founded1

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Winia Electronics, formerly named Daewoo Electronics, is a South Korean home appliances company and a member of South Korean Winia Group. Established in 1971, it has since grown into a global business with more than 64 production sites, research and development and sales centres in more than 40 countries worldwide. Daewoo Electronics absorbed the appliance division of Taihan Electric Wire in 1983, further expanding the company’s appliance unit. Daewoo Electronics Sales UK (DESUK) was established in November 1993. It is the third largest electronics firm of South Korea after Samsung and LG. The company manufactures a range of electronics and home appliances also some automotive electronic equipments and accessories by being the OEM to assist its parent company's motor vehicle subsidiaries Daewoo Motors which is currently divided among US based Korean automotive manufacturer GM Korea & Tata Daewoo, the manufacturer of Daewoo Heavy Diesel Commercial vehicles.2

Products and brands

  • home appliance

Listed on Wikidata.1

Acquisitions

The company's parent company went through a bankruptcy in 1999 due to the Asian financial crisis. After that, the company was owned completely by a group of creditors. Beside its business of manufacturing consumer goods, it has been contracted by different parties to set up local manufacturing units producing air-conditioners, refrigerators and washing machines. In October 2010, it was announced that the creditor group owning the company is to sell it to an Iran-based electronic company.

After years of trying, in January 2013, Dongbu Group (now known as DB Group) agreed to take over Daewoo Electronics for $270 million in order to attain synergies with DB families (Especially DB Inc., DB Hitek and Dongbu Steel). Daewoo Electronics became the family of DB Group by ending its workout status.

In March 2018, Dayou Group (now known as Winia Group) acquired Daewoo Electronics from DB Group.

From Wikipedia’s article on Winia Electronics, shared under CC BY-SA 4.0.4

Timeline

  1. 1987Founded Founded1

Sources

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