Daewoo 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 were about 20 divisions in the Daewoo Group. Daewoo Group had under
Daewoo Tico Austria and Poland. It was also exported to Latin America where it also was named Daewoo Fino for some markets. It was especially popular in Peru, where it was one of the most popular car models used for taxi services. Daewoo expanded at the beginning of 1995, but the Tico was never sold in any of these markets, although its successor, the Matiz, was launched there in 1998, and went on to be a sales success. Over its years of production, the Tico underwent major modifications to its specifications, mostly to the engine. Originally equipped with a carburetor and producing