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 Leganza under the Daewoo Leganza name, the only exception being the Doninvest Kondor, a short-lived version assembled by the Russian Doninvest corporation on Taganrog's TagAZ. At the time it was launched, the Leganza was a bit longer than most mid-size European or Asian cars, which is why it was initially marketed as an inexpensive executive car in some markets. The base Leganza was offered with a 2.0L 4-cylinder engine, 5-speed manual, hubcaps, cloth trim and all the standard power options. It had an optional 4-speed, hydraulically operated transmission that was said to be rough operating, tended to hunt between gears, and