Daewoo Sales Up 66% Over Last Month; January Sales Report 2002

COMPTON, Calif., Feb. 1 -- D.J. Lee, President and CEO of Daewoo Motor America, stated, ``Our U.S. dealer network is now back on track for continued sales momentum, supported by our recently launched 2002 'Celebration Days' marketing programs. In particular, our sales improvement is being driven by Daewoo's new 100,000 Mile Powertrain Warranty, and renewed confidence in Daewoo's positive future in the U.S. market. Consumers are taking a closer look at Daewoo's stylish products, recognizing that our price, value, and product reliability fits their transportation needs.''

                         January                    January
                           2001          YTD          2002         YTD

    Leganza                1619          1619          998          998
    Nubira                 1510          1510         1451         1451
    Lanos                  1974          1974         2560         2560
        Total              5103          5103         5009         5009

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 independent dealerships nationwide.