Daewoo Precision Industries K2 is performing field tests. After the tests are complete, the K2A will be mass-produced and will join the armed forces in 2015. Additional production of K2 rifles will remove the M16A1 from active service completely by 2017. Daewoo Precision Industries K2 Daewoo Precision Industries K2 assault rifle was developed by the South Korean Agency for Defense Development and manufactured by S&T Motiv (formerly Daewoo Precision Industries). It is currently the standard service rifle of the Republic of Korea Armed Forces. Shoulder-fired and gas-operated, the K2 is capable of firing both 5.56×45mm NATO and .223 Remington ammunition. The K2 supplanted the
Doninvest Doninvest Doninvest () was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast. The firm produced Daewoo cars on license for the Russian market under an own brand. Their best known models were the Doninvest Assol, the Doninvest Kondor, and the Doninvest Orion. Doninvest Bank was founded in 1991 by Mikhail Paramonov. In 1995, the bank financed a plan to assemble Pontiac cars in the Krasny Aksay plant. The first Daewoo-branded vehicles began to be manufactured in 1995, at the Krasny Aksay plant. The first models were the Daewoo Nexia and Daewoo Espero. Doninvest began to