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
Mathis (cars) Mathis (cars) Mathis was a company in Alsace that produced cars between 1910 and 1950. The company was founded by Émile Mathis (1880–1956) who was born in Strasbourg and who died in Geneva. Originally, Émile Mathis was a leading car dealer in Strasbourg, Alsace, handling Fiat, De Dietrich and Panhard-Levassor, among other makes from his Auto-Mathis-Palace. Two models were designed for him by the young Ettore Bugatti, which were marketed under the brand Hermes (1904–1905). Current for 1905-06, it was built in 28, 40, and 98 hp forms, all being Mercedes-like cars with chain drives. Designer and racing-driver Dragutin Esser