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
Doninvest Doninvest Doninvest () was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast. The firm produced Daewoo cars on license for the Russian market under an own brand. Their best known models were the Doninvest Assol, the Doninvest Kondor, and the Doninvest Orion. Doninvest Bank was founded in 1991 by Mikhail Paramonov. In 1995, the bank financed a plan to assemble Pontiac cars in the Krasny Aksay plant. The first Daewoo-branded vehicles began to be manufactured in 1995, at the Krasny Aksay plant. The first models were the Daewoo Nexia and Daewoo Espero. Doninvest began to