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
Mathis (cars) Mathis (cars) Mathis was a company in Alsace that produced cars between 1910 and 1950. The company was founded by Émile Mathis (1880–1956) who was born in Strasbourg and who died in Geneva. Originally, Émile Mathis was a leading car dealer in Strasbourg, Alsace, handling Fiat, De Dietrich and Panhard-Levassor, among other makes from his Auto-Mathis-Palace. Two models were designed for him by the young Ettore Bugatti, which were marketed under the brand Hermes (1904–1905). Current for 1905-06, it was built in 28, 40, and 98 hp forms, all being Mercedes-like cars with chain drives. Designer and racing-driver Dragutin Esser