Mirae Asset Daewoo Securities cars and ships and operating steel works. The South Korean state encouraged large and paternalistic conglomerates to use their capital to expand into unrelated businesses, protected by high tariff barriers and arcane regulations. In this way the car and steel giant Daewoo branched out into dealing in securities. In the 1990s this strategy hit problems as South Korea opened its markets to foreign competition and at the same time the founders of these conglomerates grew too old to run their creations and passed the reins on to their less focused children. Daewoo Securities was spun off from the Daewoo Corporation
Daewoo Nubira the Russian automaker Doninvest. Until 2008, Daewoo Nubira was produced in Romania in a former Daewoo factory which had the licence from GM Daewoo. The Daewoo Nubira was still produced in Egypt in 2008, in a former Daewoo factory which has the licence from GM Daewoo. The Nubira was replaced in 2004 with the J200 Daewoo Lacetti, under GMDAT management with a new Pininfarina-designed body offered as a sedan, station wagon, and Italdesign hatchback. It was sold in some European markets as the Chevrolet Nubira and in the United States as the Suzuki Forenza and Reno. Daewoo Nubira The Daewoo