COAT's online PETITION now!
Stop CPP investments in firms selling military, police, spy or prison-related products
|Daewoo Engineering & Construction||
This is the online version of
But even after all this, Daewoo Engineering & Construction (DEC) – which spun off from the Daewoo Group in 2000 – is still one of South Korea’s largest construction firms.
Daewoo, which means "Great Universe," created a fine motto to rebuild its image: "Creating Better Human Life." But not everyone sees Daewoo so positively. To some, Daewoo means destruction and inhumanity. For example, in 2005, staff and volunteers with the Israeli Committee Against House Demolitions watched as a "Daewoo bulldozer systematically demolished" two Palestinian homes, leaving piles of rubble and homeless families in its wake. These buildings, in the occupied West Bank town of Anata, are among the 26,000+ Palestinian homes demolished by Israel since 1967.
Nick Dearden, with the British group War on Want, reported that he "saw Volvo, Daewoo and JCB bulldozers or cranes being used, on a contractual basis, in the construction of the Separation Wall." The group’s 2006 report, "Profiting from the Occupation," said Daewoo "bulldozers are being used by the Israeli army to destroy Palestinian homes, schools, orchards and olive groves, and their machines are building Israel’s illegal Separation Wall."
The "Who Profits from the occupation" database says Daewoo power generators are distributed by Israel’s Orcal Industries and Mechanization, which supplies generators "installed in the Atarot military checkpoint in the occupied West Bank."
The Interfaith Peace Initiative’s online report, "Companies
that Profit from the Israeli Occupation of Palestinian Land," quotes a member of
a UK group called The Olive Project: "Daewoo has no business selling equipment
to someone who will use it for criminal purposes. Daewoo has [been] made aware
of the use of its equipment."
COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66. Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):
pdf 3M Co
pdf Amdocs Ltd
pdf Analog Devices Inc
pdf BAE Systems
pdf Bank Hapoalim
pdf Bharat Electronics Ltd
pdf CAE Inc
pdf Carlyle Group
pdf Caterpillar Inc
pdf Cellcom Israel
pdf Cisco Systems
pdf CRH plc
pdf Daewoo Engineering & Construction
pdf Daimler AG
pdf Delek Group
pdf Dell Inc
pdf Discount Investment Corp
pdf Doosan Corp
pdf Eaton Corp
pdf Elbit Systems
pdf EMC Corp
pdf Evraz Group
pdf Fiat Industrial
pdf Fiat SpA
pdf Fujitsu Ltd
pdf Hewlett-Packard Co
pdf Hitachi Ltd
pdf Honeywell International
pdf Hyundai Motor Co
pdf Hyundai Heavy Industries
Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus
State-owned Israeli War
Vertex Venture Capital:
CPP Investments worth $1.5
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
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Daewoo Engineering & Construction Co., Ltd.
Daewoo Engineering Company
"The Miserable Occupation on a Miserable Morning," The
Occupation, Nov. 21, 2005.
Nick Dearden, "Profiting from the Occupation," ZNet,
July 10, 2006.
Orcal Industries and Mechanization
"Profiting from the Occupation: Corporate complicity in
Israel’s crimes against the Palestinian people," War on Want, July 2006.