Daewoo Korea and Vietnam until 2011. The former Daewoo facilities are now producing General Motors vehicles for Asian markets. Daewoo Commercial Vehicles Division was sold to Tata Motors. The Daewoo Group was founded by Kim Woo-jung in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee government, the new government of Park Chung Hee intervened to promote growth and development in the country. It increased access to resources, promoted exports,
Daewoo S-TEC engine Daewoo S-TEC engine S-TEC or M-TEC is a low-displacement engine range co-developed by Suzuki and Daewoo Motors for use in micro- and subcompact cars. The first model was 0.8 L (796 cc) SOHC inline-triple engine based on the powerplant of the Suzuki Alto. In 2002, the range was extended to 1.0 L and 1.2 L (1150 cc) straight-4 engines and updated with EGR valve to reduce emission. A new engine plant for the updated model T4 was built. The 1.0 version is used in Chevrolet Matiz and the 1.2 in the European Chevrolet Kalos. In 2004 the 0.8 and 1.0