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 Lanos Daewoo Lanos The Daewoo Lanos is a subcompact car produced by the South Korean manufacturer Daewoo from 1997 to 2002, after being car of the year it continued to be produced under license agreements to the present in various countries worldwide. It has also been marketed as the Daewoo Sens, ZAZ Sens and ZAZ Lanos in Ukraine, Doninvest Assol and ZAZ Chance in Russia, FSO Lanos in Poland, or Chevrolet Lanos in Ukraine, Russia, and Egypt. It was designed by Giorgetto Giugiaro and initially featured three body styles: three-door and five-door hatchbacks and a four-door sedan. The Lanos was designated