Indonesia and South Korea agreed Tuesday (28/11/00) to create a joint task force
to work towards normalising operations at Kia-Timor Motor, report Asian news sources.
Citing Han Duck-Soo – South Korean Minister for Trade – Auto-Asia online reports
that agreement was reached at a meeting between Presidents Kim Dae-Jung and Abdurrahman
Wahid.
South Korea’s Kia Motors has invested $US30 million in the Kia-Timor Motor joint
venture, according to the report.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
