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 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