Daewoo Motor Sales Considers Selling Imported Cars

SEOUL, South Korea, Dow Jones Reported that South Korea's Daewoo Motor Sales Corp. is considering selling imported cars, including cars from General Motors Corp. , it said in a statement to the Financial Supervisory Service.

Daewoo Motor Sales has been an exclusive local sales dealer of Daewoo Motor Co., whose major passenger car operations have been sold to GM.

When GM agreed in April to set up a new company taking over some Daewoo Motor assets, it said Daewoo Motor Sales would be a nonexclusive local dealer and the new company may seek new additional sales dealers in South Korea.

GM aims to launch its new joint venture in October.

Meanwhile, Kim Kee-ho, a Daewoo Motor Sales spokesman, said the company intends to expand into the imported car business to boost its profitability in the country's growing imported car market.

Kim also said the company is in talks with GM to import and sell GM cars in South Korea.

Kim didn't specify other possible foreign car makers whose cars may be sold by Daewoo Motor Sales.