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After the end of the Syngman Rhee government in the 1960s, Park Chung Hee's new government came aboard to promote growth and development within the country. This financed industrialization, promoted exports, increased access to resources, provided protection from competition to the chaebol in exchange for a company's political support. Firstly, the Korean government initiated a series of 5 year plans under which the chaebol were needed to achieve a series of certain basic aims.
When the second 5 year plan was applied, Daewoo became a major player. The company significantly profited from government-sponsored cheap loans which were based on probable proceeds earned from exports. At first, the business concentrated on textile and labor intensive clothing industries which provided high profit margins. South Korea's large labor force was the most significant resource in this particular plan.
The time period between 1973 and 1981 was when the third and fourth 5 year plans occurred for the Daewoo Company. Through this era, the country's workforce was in high demand. Korea's competitive edge started eroding as competition from other countries began to occur. In response to this change, the government responded by concentrating its effort on electrical and mechanical engineering, shipbuilding, construction efforts, petrochemicals and military initiatives.
In the long run, Daewoo was forced into shipbuilding by the government. Though Kim was reluctant to enter the industry, Daewoo swiftly earned a reputation for producing competitively priced oil rigs and ships.
During the following decade, the Korean government became more open-minded in economic policies. As the government loosened protectionist import restrictions, reduced positive discrimination and supported private, small companies, they were able to force the chaebol to be more aggressive overseas, while supporting the free market trade. Daewoo effectively started many joint ventures with European and American businesses. They expanded exports, semiconductor design and manufacturing, machine tools, aerospace interests, and several defense products under the S&T Daewoo Company.
Plain bearings are very commonly used. They use surfaces in rubbing contact, often with a lubricant like oil or graphite. Plain bearings may or may not be considered a discrete gadget. A plain bearing can consist of a planar surface which bears one more, and in this particular instance would be defined as not a discrete device. It can consist of nothing more than the bearing surface of a hole together with a shaft passing through it. A semi-discrete example will be a layer of bearing metal fused to the substrate, whereas in the form of a separable sleeve, it would be a discrete gadget. Maintaining the correct lubrication allows plain bearings to provide acceptable accuracy and friction at minimal cost.
There are different bearings that could help enhance and develop effectiveness, accuracy and reliability. In many uses, a more fitting and exact bearing can improve operation speed, service intervals and weight size, therefore lowering the overall costs of using and buying equipment.
Bearings would differ in application, materials, shape and needed lubrication. For example, a rolling-element bearing would use spheres or drums among the components so as to control friction. Reduced friction gives tighter tolerances and higher precision compared to plain bearings, and less wear extends machine accuracy.
Plain bearings are often constructed from various kinds of plastic or metal, depending on how corrosive or dirty the environment is and depending upon the load itself. The type and use of lubricants can dramatically affect bearing lifespan and friction. For example, a bearing could work without any lubricant if continuous lubrication is not an option because the lubricants can attract dirt that damages the bearings or equipment. Or a lubricant can better bearing friction but in the food processing trade, it could require being lubricated by an inferior, yet food-safe lube so as to prevent food contamination and guarantee health safety.
The majority of bearings in high-cycle applications need some cleaning and lubrication. They may require regular modification so as to lessen the effects of wear. Various bearings could require infrequent maintenance to avoid premature failure, while magnetic or fluid bearings can require not much preservation.