abstract:Daewoo Motors was a South Korean automotive company established in 1982, part of the Daewoo Group. It sold most of its assets in 2001 to General Motors, after running into financial trouble, becoming a subsidiary of the American company and being renamed GM Daewoo.
General Motors had largely stayed on the sidelines because it is already heavily involved in the Korean auto industry through its ownership of the former DaewooMotors.