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
FSC Lublin Automotive Factory to establish links with companies outside Poland. In 1995 the factory entered a joint venture with the South Korean conglomerate Daewoo. It soon become a part of the new company Daewoo Motor Polska. In December 1995 the factory started assembling Daewoo Nexia passenger cars. Around 40,000 were produced before production ended in 1998. Daewoo also began a joint project with British manufacturer LDV to develop a new van. Daewoo also produced the Lublin van and the Honker military vehicle. Daewoo experienced serious financial problems following the financial crisis in Asia, which brought serious difficulties to the Lublin factory. Daewoo Motor