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 Tico , it was later upgraded to fuel injection, thus passing the Euro 2 pollution standard, whilst also giving an increase in power output. Some versions of the Tico in the Korean domestic market were powered by liquefied petroleum gas. Daewoo produced the Tico at both the old Oltcit factory in Romania. In 2000, the Tico was replaced with a new car, the Daewoo Matiz. The Tico was sold alongside the Matiz until 2001. Daewoo Tico The Daewoo Tico is a city car produced by the South Korean automaker Daewoo from 1991 to 2001. The Daewoo Tico was based largely on