GM and South Korea's Daewoo Group formed a joint venture which helped Daewoo improve its competitiveness.The venture was terminated since Daewoo prevented the import of GM cars to Korea.

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The joint venture between GM and South Korea's Daewoo Group was not terminated because Daewoo prevented the import of GM cars to Korea. The venture ended due to Daewoo's financial troubles and eventual bankruptcy, leading to GM acquiring key assets from Daewoo to form GM Daewoo Auto & Technology in 2002.

GM and South Korea's Daewoo Group Formed a Joint Venture