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 Magnus the United States territories of Guam and Northern Mariana Islands, and like the Canadian version it also carried the same features. Like the Epica in Canada, it too was withdrawn from the market. In Taiwan, the Taiwanese Police purchased some Formosa Magnus police cars that were used from 2001 that these police cars were designed to replace the ageing Ford Mondeo police patrol cars. Daewoo Magnus The Daewoo Magnus was a mid-sized sedan developed and manufactured by Daewoo from 2000 to 2006. GM Daewoo and other General Motors divisions, as well as GMDAT stake holder Suzuki, have marketed this car