Daewoo financed industrialization, and provided protection from competition to the chaebol in exchange for a company's political support. In the beginning, the Korean government instigated a series of five-year plans under which the chaebol were required to achieve a number of basic objectives. Daewoo did not become a major player until the second five-year plan. Daewoo benefited from government-sponsored cheap loans based on potential export profits. The company initially concentrated on labor-intensive clothing and textile industries that provided high profit margins because of South Korea's large and relatively inexpensive workforce. The third and fourth of the five-year plans occurred from 1973
Daewoo LeMans original version of the car bore the Asüna GT, Asüna SE, Daewoo 1.5i, Daewoo Fantasy, Daewoo Pointer, Daewoo Racer, Passport Optima and Pontiac LeMans names. The "LeMans" nameplate was not used at all for the facelifted model. Five-door hatchback models exported to Europe were badged Daewoo Nexia with the Daewoo Racer name used seemingly at random on various bodystyles. The Daewoo Heaven name has also been used. The Cielo was subsequently replaced by the subcompact Daewoo Lanos and the compact Nubira in 1997, except in some Central Asian markets for which production of the four-door continues in Uzbekistan. The original