Daewoo Precision Industries K2 is performing field tests. After the tests are complete, the K2A will be mass-produced and will join the armed forces in 2015. Additional production of K2 rifles will remove the M16A1 from active service completely by 2017. Daewoo Precision Industries K2 Daewoo Precision Industries K2 assault rifle was developed by the South Korean Agency for Defense Development and manufactured by S&T Motiv (formerly Daewoo Precision Industries). It is currently the standard service rifle of the Republic of Korea Armed Forces. Shoulder-fired and gas-operated, the K2 is capable of firing both 5.56×45mm NATO and .223 Remington ammunition. The K2 supplanted the
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 Like the Epica in Canada, it too was withdrawn from the market.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