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
Doninvest Doninvest Doninvest () was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast. The firm produced Daewoo cars on license for the Russian market under an own brand. Their best known models were the Doninvest Assol, the Doninvest Kondor, and the Doninvest Orion. Doninvest Bank was founded in 1991 by Mikhail Paramonov. In 1995, the bank financed a plan to assemble Pontiac cars in the Krasny Aksay plant. The first Daewoo-branded vehicles began to be manufactured in 1995, at the Krasny Aksay plant. The first models were the Daewoo Nexia and Daewoo Espero. Doninvest began to