Third Seoul Motor Show Kicks Off

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Third Seoul Motor Show Kicks Off

The third Seoul Motor Show got underway at the COEX building located in Samsung Dong, southern Seoul, on May 10.
The eight-day event features 146 car-related companies from eight countries, including domestic car makers Huyndai, Kia, and Daewoo Motors.
However, foreign car makers and domestic import car dealers decided not to attend the show because they opted to hold their own event.
A top-ranking official from Hyndai Motors said that both Hyndai and Kia are going to share each other's display platforms, and eventually plan to decrease the current 23 platforms to 7 in five years.
Kim Soo Jung, president of Kia Motors, stated that Kia enlarged its domestic car sales target from 300,000 to 325,000 units because of rising demand for Kia automobles.
Daewoo Motors' president Kang Byong Ho said that he could not comment on Daewoo's big deal with Samsung Motors nor the investment negotiations with U.S.-based General Motors.
Jangsoo Seo:jsbee@joongang.co.kr
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