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.

Auto market intelligence
from just-auto

• Auto component fitment forecasts
• OEM & tier 1 profiles & factory finder
• Analysis of 30+ auto technologies & more