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 S-TEC engine United States version of the Chevrolet Spark. Applications: 1.4L Applications: 1.5L Applications: Daewoo S-TEC engine S-TEC or M-TEC is a low-displacement engine range co-developed by Suzuki and Daewoo Motors for use in micro- and subcompact cars. The first model was 0.8 L (796 cc) SOHC inline-triple engine based on the powerplant of the Suzuki Alto. In 2002, the range was extended to 1.0 L and 1.2 L (1150 cc) straight-4 engines and updated with EGR valve to reduce emission. A new engine plant for the updated model T4 was built. The 1.0 version is used in Chevrolet Matiz and the