Zyle Motors (formerly, Daewoo Motor Sales, ) is an auto sales company headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the Capital city, capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the North Korea, Democratic People's Republic of Korea (North Korea ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

. It was established in 1991. Daewoo Motor Sales operates dealerships in South Korea which sell

bus A bus (contracted from omnibus, with variants multibus, motorbus, autobus, etc.) is a road vehicle that carries significantly more passengers than an average car or van. It is most commonly used in public transport, but is also in use for cha ...

es from

Zyle Daewoo Commercial Vehicle Zyle Daewoo Bus, formerly "Zyle Daewoo Commercial Vehicle" is a South Korean manufacturer of buses and is majority owned by Young-An Hat Company, based in Busan. It was established in 2002 as a successor to previous merger, Daewoo Motor Company ...

(formerly, "Daewoo Bus"). It is the largest motor sales company in

Korea Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republi ...

History

Daewoo Motor Sales was a partner in MMSK Corporation, a joint venture involved in the import and distribution of vehicles from

Mitsubishi Motors is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan.auto auction Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed automobile dealers. In a few countries, such as Japan, auto auctions are well known an ...

. It also operates a network of pre-owned car dealerships. In 1996, Daewoo Development established the brand name "Iaan". The actress

Kim Hee-sun Kim Hee-sun (born June 11, 1977) is a South Korean actress. She rose to fame in the 1990s with leading roles in television series such as ''Men of the Bath House'' (1995), ''Propose'' (1997), ''Wedding Dress'' (1997), ''Forever Yours'' (1998), ' ...

is featured in Korean Iaan commercials. In 2008, Daewoo Motor Sales was chosen to fund the joint venture company for

Paramount Movie Park Korea Paramount Movie Park Korea is a theme park and resort complex that was scheduled to open in Incheon, South Korea in 2011, however construction has yet to start. On December 6, 2018, Mohegan Gaming & Entertainment announced the strategic partnershi ...

which was scheduled to open in 2011, while Paramount will act as its licensor and manage creative development. In 2010, Daewoo Motor Sales was dropped by General Motors. The long-time dealership partner then signed a deal with the SsangYong Motor Company to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of 20 billion won ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers.Ssangyong to join with Daewoo to sell vehicles
on JoonAng Daily, 24 March 2010 That same year, and following a last-minute consultation, creditors including Korea Development Bank decided to help Daewoo Motor Sales settle 17.66 billion won ($15.98 million) worth of notes held by Daewoo Bus Corp. and Daewoo Commercial Vehicle Co., as reported by the creditor banks.Daewoo Motor Sales evita bancarrota por fondos de acreedores
on Yonghap Agency, 27 Apr 2010 Daewoo Motor Sales has been under the debt rescheduling program since April 14 due to deteriorating financial problems.

References

External links

* Daewoo Retail companies established in 1991 Automotive services companies of South Korea Vehicle retailers Auto dealerships South Korean companies established in 1991 {{SouthKorea-company-stub