Daewoo Motor Sales

Zyle Motors (Korean: 자일자동차) was an auto sales company established in 1966 and headquartered in Seoul, South Korea.

It operated car dealerships in South Korea that sold vehicles manufactured by Daewoo Motors and its successors and partners.

[1][2] Later that year, to avoid securities regulation restricting the public listing of newly-formed companies, Daewoo Motor Sales announced a merger with HanDok, which operated businesses in watchmaking and amusement park development.

[citation needed] In 2008, Daewoo also announced plans to import small fuel-efficient vehicles and large passenger vans from China for the Korean market.

499,575 sq ft. (roughly 123 acres) of land in Incheon was set aside and a budget of W1.5 trillion (nearly US$1.5 billion) was allocated to the project, which was expected to be completed in 2011.

[9] On April 14, 2010, Daewoo Motor Sales was placed into a debt restructuring program due to deteriorating financial problems.