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 LeMans In 2004, because of harsher emission regulations, the factory installed the Lanos 1.5 SOHC engine, which meant a decrease in horsepower, but made the car Euro 3 compliant. During the last 2 years of production, in an effort to update the optional equipment available for the car, the Executive received a CD player instead of the obsolete cassette player. It remained in production until 2007, being marketed along with its successor, the Daewoo Nubira. In Uzbekistan, UzDaewooAuto continues to manufacture the four-door sedan version of the Nexia, of which production began in June 1996. It is produced alongside other Daewoo