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 Lacetti models were produced at the Avtotor plant in Kaliningrad with full cycle of manufacturing until 2012. In 2014, UzDaewoo, GM's subdivision in Uzbekistan, started importing the Lacetti sedan as Daewoo Gentra. After license agreement between GM and Daewoo ended, UzDaewoo (now GM Uzbekistan) re-branded all of its lineup as Ravon, due to impossibility of using both Daewoo and Chevrolet names in Russia (Chevrolet withdrew from the Russian market in early 2015 due to the economic crisis). The Russian models are available with the following gasoline-powered four-cylinder engines: The second-generation, built on the GM Delta II platform is sold in most