The Daewoo automobile manufacturer lived from 1967 up until it was dismantled by the Korean government come 1999. The name Daewoo is a Korean word that means "Great House". This company was founded by Kim Woo Choong, and also, this company became one of the Big Four conglomerates in South Korean. Aside from the usual cars and vehicles, the Daewoo Group also manufactured and produced consumer electronics, computers, telecommunications products, construction equipment, buildings, and musical instruments like the Daewoo Piano. Under the Daewoo Group, there were several major corporations that were sheltering under its big industrial and conglomerate umbrella: the Daewoo Electronics, Daewoo Heavy Industries, Daewoo Ship Building, Daewoo Securities, Daewoo Telecom, Daewoo Construction, and Daewoo International.
What affected Daewoo's expansion and overall business was generally cut down to several factors which included the South Korea's government's intervention, the labor market, the company's operations in a global economy, and the quality of products from Korea. Once all these affected the whole operations, the Daewoo Group then decided to cut off one its arms and thus sold Daewoo Motors, its automotive company, to General Motors in the United States. At present, the Daewoo cars that are under General Motors include the Leganza, Nubira, and Lanos, and these are sold in the United States. However, in other parts of the globe, especially in UK, other car models of Daewoo are also sold like the Matiz, Kalos, Lacetti, and the Tacuma.
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Source: http://staceywilson.articlealley.com/the-daewoo-legacy-24860.html