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
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