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Daewoo Electronics survives to this day despite bankruptcy, with a new brand logo "DE", but many of the other subsidiaries and divisions have become independent or simply perished under the "reorganisation" of the Korean government under Kim Dae Jung. In North America, Target stores market Daewoo Electronics products under their "Trutech" brand on an ODM basis.
The group was reorganized into three parts: Daewoo International, Daewoo Engineering & Construction and Daewoo Corporation. It is active in many markets; the most important are steel processing, ship building and financial services.
In 2004, General Motors pulled the Daewoo brand of vehicles out of Australia and New Zealand, citing irreparable brand damage. Later that same year, GM announced that Daewoo Motors in Europe would change its name to Chevrolet as of January 1, 2005. In 2005, it was announced that Daewoo cars would have a Holden badge in Australia and New Zealand. In South Africa, Thailand and the Middle East, Daewoo models were already being sold as Chevrolets. Only in South Korea and Vietnam does the Daewoo marque survive.
The Daewoo commercial vehicle manufacturer was taken over by Tata Motors - the world's 5th largest medium and heavy commercial vehicle manufacturer.
Daewoo is also moving into the oil & gas industry. While many western oil & gas companies decline to conduct business in Burma[4] on account of the abysmal human rights record of the ruling military junta, Daewoo is one of three (the others the French company Total and American company Unicol[citation needed]) which is already or is close to starting gas production in the country[citation needed](at the Yadana Field). During explorations Daewoo found one of the largest gas fields in SE Asia located in Blocks A-1 and A-3 at the Shwe Field about 100km off Sittwe in Rakhine State, which is planned to go into production within the next 5 years, thereby providing a lucrative (and probably the largest) source of hard currency finance for the ruling junta. It is unclear whether the association between Daewoo and the oppressive military regime in Burma[dubious – discuss]{ Burma strikes Gold, Upstream 28.08.08}, responsible for recent bloody crackdown of peaceful monk-led anti-government protesters in September and October 2007, wholly inadequate warning and response to Cyclone Nargis in May 2008, will further hurt the reputation of the company. However, Daewoo has long been known as one of the largest foreign investors in the country.
Related to its involvement in the Burmese oil & gas industry, the Daewoo International President Lee Tae-yong, has been convicted and sentenced in South Korea for illegally selling military hardware to the junta.[dubious – discuss]{ Burma strikes Gold, Upstream 28.08.08}. These sales to the military were directly related to award of the offshore concession blocks to Daewoo. In court, President Lee defended his actions as being in "South Korea's national interest" (Burma strikes Gold, Upstream 28.08.08).
On Thursday, November 15th, 2007 Lee Tae-yong and thirteen other South Koreans were convicted of illegally exporting weapons technology and equipment to Burma along with other related charges.
