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 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 Like the Epica in Canada, it too was withdrawn from the market.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