Daewoo to the junta. Today five companies with the Daewoo brand name remain: Daewoo Daewoo (, literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean conglomerate and car manufacturer. It was founded on 22 March 1967 as "Daewoo Industrial" and was declared bankrupt on 1 November 1999. Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies. There
Daewoo LeMans original version of the car bore the Asüna GT, Asüna SE, Daewoo 1.5i, Daewoo Fantasy, Daewoo Pointer, Daewoo Racer, Passport Optima and Pontiac LeMans names. The "LeMans" nameplate was not used at all for the facelifted model. Five-door hatchback models exported to Europe were badged Daewoo Nexia with the Daewoo Racer name used seemingly at random on various bodystyles. The Daewoo Heaven name has also been used. The Cielo was subsequently replaced by the subcompact Daewoo Lanos and the compact Nubira in 1997, except in some Central Asian markets for which production of the four-door continues in Uzbekistan. The original