Daewoo Precision Industries K2 is performing field tests. After the tests are complete, the K2A will be mass-produced and will join the armed forces in 2015. Additional production of K2 rifles will remove the M16A1 from active service completely by 2017. Daewoo Precision Industries K2 Daewoo Precision Industries K2 assault rifle was developed by the South Korean Agency for Defense Development and manufactured by S&T Motiv (formerly Daewoo Precision Industries). It is currently the standard service rifle of the Republic of Korea Armed Forces. Shoulder-fired and gas-operated, the K2 is capable of firing both 5.56×45mm NATO and .223 Remington ammunition. The K2 supplanted the
Daewoo Motors released, before the SsangYong-based SUVs : Korando, Musso and Rexton. After the General Motors buyout, the Daewoo models received a new badge, and were sold under the Daewoo name until 2003. The Lacetti was the last car to bear a Daewoo badge in Europe. The other Daewoo models were later rechristened as Chevrolets. Daewoo cars were also available in the United States and Canada between 1997 and 2002, Australia and many other countries, until Daewoo's bankruptcy. Since Daewoo's withdrawal from many markets, the Lanos was replaced with Chevrolet's as the Aveo, whereas the Nubira and Leganza were given replacements from