Mirae Asset Daewoo Securities cars and ships and operating steel works. The South Korean state encouraged large and paternalistic conglomerates to use their capital to expand into unrelated businesses, protected by high tariff barriers and arcane regulations. In this way the car and steel giant Daewoo branched out into dealing in securities. In the 1990s this strategy hit problems as South Korea opened its markets to foreign competition and at the same time the founders of these conglomerates grew too old to run their creations and passed the reins on to their less focused children. Daewoo Securities was spun off from the Daewoo Corporation
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