Daewoo to the junta. Today five companies with the Daewoo brand name remain: Daewoo Daewoo (, literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean conglomerate and car manufacturer. It was founded on 22 March 1967 as "Daewoo Industrial" and was declared bankrupt on 1 November 1999. Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies. There
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