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 Lacetti models were produced at the Avtotor plant in Kaliningrad with full cycle of manufacturing until 2012. In 2014, UzDaewoo, GM's subdivision in Uzbekistan, started importing the Lacetti sedan as Daewoo Gentra. After license agreement between GM and Daewoo ended, UzDaewoo (now GM Uzbekistan) re-branded all of its lineup as Ravon, due to impossibility of using both Daewoo and Chevrolet names in Russia (Chevrolet withdrew from the Russian market in early 2015 due to the economic crisis). The Russian models are available with the following gasoline-powered four-cylinder engines: The second-generation, built on the GM Delta II platform is sold in most