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
Daewoo Motors the Matiz and the Nexia for both the local market and export, as well as the Lacetti hatchback and sedan for the domestic market only. In 1994, Daewoo acquired the Automobile Craiova company in Craiova, Romania, which was producing a derivate of the Citroën Axel model, the Oltcit Club. The company's name was changed to Romanian Daewoo Motor, abbreviated Rodae, and later Daewoo Automobile Romania. The entire production facility was refurbished to mainly produce the Cielo model and later, other models. Until 2008, it was producing the Daewoo Cielo, Matiz and Nubira models for the Romanian market, but also car