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 Lanos Daewoo Lanos The Daewoo Lanos is a subcompact car produced by the South Korean manufacturer Daewoo from 1997 to 2002, after being car of the year it continued to be produced under license agreements to the present in various countries worldwide. It has also been marketed as the Daewoo Sens, ZAZ Sens and ZAZ Lanos in Ukraine, Doninvest Assol and ZAZ Chance in Russia, FSO Lanos in Poland, or Chevrolet Lanos in Ukraine, Russia, and Egypt. It was designed by Giorgetto Giugiaro and initially featured three body styles: three-door and five-door hatchbacks and a four-door sedan. The Lanos was designated