Kia Makes Upward Revision of Investment Plan in Slovakia

SEOUL, March 19, 2004; Yonhap News reported that Kia Motors Corp. said Friday it has revised upwards its planned investment in Slovakia to 1.1 billion euros in a bid to boost its presence in the European market.

Yoon Kook-jin, president and CEO of Kia, said its first European plant, to be built in Zilina in northern Slovakia, will be designed to produce 300,000 vehicles annually, instead of the originally planned 200,000 units.