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 Magnus the United States territories of Guam and Northern Mariana Islands, and like the Canadian version it also carried the same features. Like the Epica in Canada, it too was withdrawn from the market. In Taiwan, the Taiwanese Police purchased some Formosa Magnus police cars that were used from 2001 that these police cars were designed to replace the ageing Ford Mondeo police patrol cars. Daewoo Magnus The Daewoo Magnus was a mid-sized sedan developed and manufactured by Daewoo from 2000 to 2006. GM Daewoo and other General Motors divisions, as well as GMDAT stake holder Suzuki, have marketed this car