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
Paramount Cars Paramount Cars Paramount Cars was a British company which produced the Paramount automobile between 1950 and 1956. Founded by WA Hudson and S Underwood from Derbyshire, the company initially manufactured cars in Swadlincote with production moving shortly after to Melbourne (again in Derbyshire) and then to Leighton Buzzard. Two models were produced, the Paramount Ten and the Paramount 1½-Litre. The Paramount had an aluminium over wood frame body with BMW like grille and was mounted on a separate tubular steel chassis with front transverse and rear semi elliptical leaf springs. It was originally intended to have Alvis engine and suspension