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 Mirae Daewoo Mirae The Daewoo Mirae was a concept car that was unveiled on April 20, 1999, by Queen Elizabeth II at Daewoo's Seoul design studio 'Design Forum' and then again at the 1999 Seoul Motor Show. "Mirae" in Korean means "future". Designed at Daewoo's UK Worthing Technical Centre, somewhat unusually it premiered in two forms: an exterior model, and a separate interior technology showcase model. Production was hinted to commence in 2010, but with the collapse of Daewoo Group in 2000 and the subsequent General Motors takeover, the concept car appears to be unlikely to be produced in the original