Daewoo Royale Daewoo Royale The Daewoo Royale is a series of Executive cars that was produced by Daewoo in South Korea from 1983, being replaced by the Daewoo Prince in 1991, although production of the top-line Daewoo Imperial continued until 1993. The Royale's predecessor was launched in 1972 by General Motors Korea (GMK) as the Rekord, becoming the Saehan Rekord in 1976 when Saehan Motors replaced GMK, until production ended in 1978. This car was a version of the German Opel Rekord D. The second generation Saehan Rekord was a development of the Opel Rekord E. Production began in 1978, along with
Daewoo or is close to, starting gas production in the country(at the Yadana Field). During explorations, Daewoo found one of the largest gas fields in southeast Asia. The field is located at blocks A-1 and A-3 at the Shwe field, about 100 km off Sittwe in Rakhine State. The field will go into production in five years, providing a lucrative (and probably the largest) source of hard currency for the ruling junta. Daewoo has long been one of the largest foreign investors in the country. Daewoo International was investigated by South Korean prosecutors for allegedly selling machinery with potential military applications