Many Korean companies that became insolvent after a financial crisis in 1997 have recovered through the restructuring. Particularly the former DaeWoo Group affiliates have shown the notable case of successful restructuring due to a rapid and effective support of the creditor financial institutions, and application of a new restructuring method. This case study will analyze the entire process of restructuring of the former DaeWoo Group affiliates, with an emphasis on the case of DaeWoo Capital, one of those affiliates, as there are not many case studies focusing on the restructuring of a financial company. Daewoo Capital has suggested a highly appreciated restructuring case as the company could normalize its management only two years after the restructuring. It is also uniquely distinguishable case, in which the company implemented a new restructuring system called corporate restructuring vehicle (CRV). Eventually, this case study will discuss the process and method of restructuring of those companies at risk of liquidation as well as various techniques and schemes of restructuring, including CRV.