Daewoo appeared in South Korea in 1967. The activity domain of the company was sales of textile garments. In 1978 Daewoo opened «Daewoo Motor Company» in partnership with the General Motors concern establishing its head office in Seoul. «Daewoo» started selling Nexia and Espero cars in Europe in 1995.
In 1996 Daewoo already possessed three big centers in England, Germany and South Korea. Production of such cars as Lanos, Nubira and Legandza started in 1997. Cars carrying Daewoo brand name had started to be manufactured in Romania, Poland and Uzbekistan. Because of severe financial predicament in which Daewoo Motor Company found itself it was totally bought by the General Motors concern in 2001.
Daewoo then has been changed into GM-Daewoo Auto & Technology» established in 2002 to replace it.