Last Kia Bidding Deadline Closes September 21

The second and probably the last bidding for Kia Motor's international tender will be closed on September 21.
As of September 20, four big companies including Samsung, Hyundai, Daewoo, and Ford presented their second intention of bidding. Among these groups, however, Ford rescinded their desire to take over Kia protesting that the condition of debt clearance for Kia was too high to accept.
However, the other three Korean companies are still eager to win the bidding in order to expand their motor companies.
The final result of this second bidding will determine the future structure of national motor company rankings, not to mention the initiatives in domestic chaebol standings.
Thus these letters of intention for Kia will be evaluated by the rating judge committee members and the judgment will be announced on September 28.