Daewoo was a South Korean conglomerate that operated in various industries such as electronics, automotive, shipbuilding, and construction. The company gained international recognition for its affordable and reliable cars, especially in emerging markets. However, due to financial difficulties and a series of scandals, Daewoo Motors filed for bankruptcy in 2001 and its assets were eventually sold off to different companies. Today, the Daewoo brand still exists in various forms, including home appliances and commercial vehicles.