Daewoo its umbrella several major corporations: A further subsidiary was the Daewoo Development Company, funded by cash from the Group and set up to develop hotels. Seven were built in Korea, China, Vietnam, and Africa. They were personally designed and furnished by Kim Woo-jung's socialite wife Heeja, who was chairwoman of the company. The most lavish is the 5-star Hanoi Daewoo Hotel, which cost US$163 million to build in 1996 and was decorated by Heeja with fine art, porcelain, sculptures, and marble. She invited 3,000 guests to the opening, including Russian President Vladimir Putin. Kim is believed to have spent time
FSC Lublin Automotive Factory to establish links with companies outside Poland. In 1995 the factory entered a joint venture with the South Korean conglomerate Daewoo. It soon become a part of the new company Daewoo Motor Polska. In December 1995 the factory started assembling Daewoo Nexia passenger cars. Around 40,000 were produced before production ended in 1998. Daewoo also began a joint project with British manufacturer LDV to develop a new van. Daewoo also produced the Lublin van and the Honker military vehicle. Daewoo experienced serious financial problems following the financial crisis in Asia, which brought serious difficulties to the Lublin factory. Daewoo Motor