Daewoo Motors was a South Korean automotive company established in 1937 as National Motors. The company changed its name several times until 1983 when it became Daewoo Motors. After running into financial difficulties, it sold most of its assets in 2001 to General Motors, becoming a subsidiary of the American company. In 2011, the name “Daewoo” was definitively removed, and the company was renamed GM Korea.

Daewoo Pak Motors (PVT) Ltd, (DPML) was incorporated in October 2008 as a joint venture company of Daewoo Bus Corporation Korea and Afzal Motors (Pvt) Ltd. Pakistan. Daewoo Bus Corporation, Korea, has stepped forward to share hands with Afzal Motors through foreign direct investment in plant, machinery, and technology to manufacture Daewoo buses in Pakistan.