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 LeMans In 2004, because of harsher emission regulations, the factory installed the Lanos 1.5 SOHC engine, which meant a decrease in horsepower, but made the car Euro 3 compliant. During the last 2 years of production, in an effort to update the optional equipment available for the car, the Executive received a CD player instead of the obsolete cassette player. It remained in production until 2007, being marketed along with its successor, the Daewoo Nubira. In Uzbekistan, UzDaewooAuto continues to manufacture the four-door sedan version of the Nexia, of which production began in June 1996. It is produced alongside other Daewoo