Daewoo Precision Industries K2 is performing field tests. After the tests are complete, the K2A will be mass-produced and will join the armed forces in 2015. Additional production of K2 rifles will remove the M16A1 from active service completely by 2017. Daewoo Precision Industries K2 Daewoo Precision Industries K2 assault rifle was developed by the South Korean Agency for Defense Development and manufactured by S&T Motiv (formerly Daewoo Precision Industries). It is currently the standard service rifle of the Republic of Korea Armed Forces. Shoulder-fired and gas-operated, the K2 is capable of firing both 5.56×45mm NATO and .223 Remington ammunition. The K2 supplanted the
FSC Lublin Automotive Factory to establish links with companies outside Poland. In 1995 the factory entered a joint venture with the South Korean conglomerate Daewoo. It soon become a part of the new company Daewoo Motor Polska. In December 1995 the factory started assembling Daewoo Nexia passenger cars. Around 40,000 were produced before production ended in 1998. Daewoo also began a joint project with British manufacturer LDV to develop a new van. Daewoo also produced the Lublin van and the Honker military vehicle. Daewoo experienced serious financial problems following the financial crisis in Asia, which brought serious difficulties to the Lublin factory. Daewoo Motor