Daimler will build a research and development centre in South Korea as part of a four point expansion plan in Asia’s fourth largest economy.
Chief executive Dieter Zetsche said in Seoul the plan also includes a spare parts distribution centre, training facility and a social security fund.
Go deeper with GlobalData
He added: “Korea is our fifth largest market for our flagship S-Class, and for our E-Class sedan, while sales of our trucks have doubled since 2003.”
