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 Motors the investment group Odien Capital Partners and in October 2006, the division of light trucks moved under the concern of Ashok Leyland of India, becoming Avia Ashok Leyland Motors Company (AALM). In 1998, the low-volume assembly of the Lanos, Nubira and the Leganza started in Taganrog, Russia, at the TagAZ-Doninvest factory The cars were sold on the local market under the Doninvest brand, as the Assol, Orion and Kondor respectively. The project did not have much success, so TagAZ turned to Citroën to produce the Berlingo, and Hyundai to produce the Accent. Following the General Motors buyout in 2002, Daewoo