Vintage 1960-1970 MTU Tin Wind-Up Santa Claus Tricycle Toy

Vintage tin wind-up toy features a Santa Claus figure on a tricycle. The toy is made of lithographed tin and plastic with a primary red, blue, and yellow color scheme. It has a built-in wind-up key on the side and a bell on the rear. The winding mechanic is fully functional and winding will cause wheels to spin and bell to ring (see video). The item is manufactured by MTU in Korea.