Samsung Commercial Vehicles

[3] The construction equipment business of Samsung Heavy Industries (mainly producing excavators) was sold to Volvo for US$512 million in July 1998, following the onset of the Asian financial crisis.

[15] The forklift production business was sold to Clark Material Handling Company,[16] which had licensed the designs of those kind of vehicles to Samsung since 1986, after an OEM alliance established in 1984.

[17] One of the truck models produced, the Samsung SV110 with a 2.7-litre diesel engine and a 3.5-tonne GVW version, was sold at overseas markets, including Italy, Turkey and Poland.

[24] Between 1997 and 1999, the company's share in a declining South Korean commercial vehicle market was below 4%, which made it harder to achieve economies of scale.

[4][27][28] The closing of Samsung Commercial Vehicles, along with Daewoo Motors bankruptcy, severely affected the already weakened Daegu economy, increasing the opposition against the national government and the big companies.

The Samsung SV110, a slightly modified Nissan Atlas F23
Samsung SM510