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 Tico , it was later upgraded to fuel injection, thus passing the Euro 2 pollution standard, whilst also giving an increase in power output. Some versions of the Tico in the Korean domestic market were powered by liquefied petroleum gas. Daewoo produced the Tico at both the old Oltcit factory in Romania. In 2000, the Tico was replaced with a new car, the Daewoo Matiz. The Tico was sold alongside the Matiz until 2001. Daewoo Tico The Daewoo Tico is a city car produced by the South Korean automaker Daewoo from 1991 to 2001. The Daewoo Tico was based largely on