In the wake of Asian financial crisis back in 1997-1998, Mando went bankrupt and froze out all corporate expenditures. However, Mando strategically didn't stop investment in knowledge management. As a result, Mando finally revived with 41 billion won in net profit in 2008.
With high recognition of Mando's knowledge management, Korea's top business daily, MAEIL Business Newspaper and BOOZALLEN Korea awarded Mando the best prize in knowledge management in 2007. In fact, Mr. Oh Sang Su, CEO and president of Mando in 2007, valued knowledge management as the indispensible part of the corporate strategy.
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