Kia Bidding Results to be Announced on Oct 19

Kia's bid management office revealed, on October 16, that it will announce the successful bidder as scheduled. A source at the office said, 'We have not yet opened participants' bidding prices and debt relief demands.'
This source added, ' The recent series of rumors about a successful bidder are just rumors. Our legal department and head of the office did not receive any requests to keep security.'
A Ford executive visiting Korea, on October 15,
said, 'We will respect the judgment of the office, whoever wins the game. But Ford is the most appropriate company because it can induce foreign capital and has a developed management. Recently a high-ranking Ford executive met Lee Dae Won, vice president of Samsung Motors in the U.S. They shared their opinions on Kia's future.'