Daewoo's May Sales Best of 2001

    COMPTON, Calif., June 1 "Daewoo's May retail sales of
5617 units are a 12% increase over April and a 2% increase over May of 2000.
We are confident that this positive trend will continue for the remainder of
the year," stated D.J. Lee, President and CEO of Daewoo Motor America.
    Consumer confidence in the Daewoo brand will be even stronger following
the announcement on May 27, by General Motors to begin formal negotiations
with Daewoo Motor Korea and the Korean Development Bank to purchase the assets
of Daewoo Motor.  With the speculation ending regarding the future of Daewoo a
sales increase in June is expected.
    There is more good news for Daewoo: in the just released J.D. Power and
Associates Initial Quality Study, Daewoo improved five positions among
competing brands and ranked highest among Korean brands.


                        May          YTD           May         YTD
                       2000                       2001

    Leganza            1855          9875         2646       11210
    Nubira             1742          8492         1545        8247
    Lanos              1908          8818         1426        7000
    Total              5505         27185         5617       26457

    Daewoo Motor America, Inc. is based in Compton, CA and is the U.S.
subsidiary of Daewoo Motor headquartered in Seoul, Korea.  Daewoo Motor
America currently sells the subcompact Lanos, the compact Nubira and the mid
size luxury sedan Leganza through an expanding network of retail operations
nationwide, now totaling over 500 locations.

    For further information, please contact Jim Thomas of Daewoo Motor
America, 310-609-2254, jthomas@daewoous.com.