Daewoo the world. Throughout this period, Daewoo experienced great success at turning around faltering companies in Korea. In the 1980s and early 1990s, the Daewoo Group also produced consumer electronics, computers, telecommunication products, construction equipment, buildings, and musical instruments (Daewoo Piano). Daewoo Group ran into deep financial trouble in 1998 due to the 1997 Asian financial crisis, increasingly thin relationships with the Korean government under President Kim Dae Jung, and its own poor financial management. With the Korean government in deficit, access to cheap and nearly unlimited credit was severely restricted. In 1998, when the economic crisis forced most of the
Daewoo Leganza under the Daewoo Leganza name, the only exception being the Doninvest Kondor, a short-lived version assembled by the Russian Doninvest corporation on Taganrog's TagAZ. At the time it was launched, the Leganza was a bit longer than most mid-size European or Asian cars, which is why it was initially marketed as an inexpensive executive car in some markets. The base Leganza was offered with a 2.0L 4-cylinder engine, 5-speed manual, hubcaps, cloth trim and all the standard power options. It had an optional 4-speed, hydraulically operated transmission that was said to be rough operating, tended to hunt between gears, and