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Autoliv Expands in Korea

19 March 1998

Autoliv Expands in Korea

    STOCKHOLM, March 19 -- Autoliv Inc. (SSE: ALIV), a
worldwide leader in automotive safety, has established a branch office in
Seoul to coordinate the Company's expanding business with Korean auto
manufacturers.
    During the last year, Autoliv has secured contracts from four vehicle
producers in Korea.  As a consequence, Autoliv will rapidly grow its currently
modest business in Korea and become a major automotive safety system supplier
to this market.
    Initially, the Autoliv Korean Branch Office will consist of five
engineers, all of whom have worked for automotive manufacturers in the past.
The office and the Korean activities at other Autoliv locations are
coordinated by Tae Kwak, President of Autoliv Inc. Korean Branch Office.  Mr.
Kwak worked for Autoliv in the United States, as well as for Ford and Nissan.
    With an annual production last year of 2.8 million vehicles, Korea is the
fifth largest car-producing country in the world.  Although production is
predicted to decline this year, airbag installation rates are increasing
sharply, and consequently the airbag market.  In addition, car production
capacity is anticipated to increase significantly by the year 2000.
    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  The company has close to 60
wholly-owned subsidiaries and joint ventures with 17,000 employees in 27
vehicle-producing countries.  In addition, the company has eight technical
centers around the world, including 19 test tracks, more than any other
automotive safety supplier.  Sales in 1996 totaled US$3.2 billion and net
income US$174 million.  The company's shares are listed on the New York Stock
Exchange , its Swedish Depository Receipts on the Stockholm Stock
Exchange (SSE: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV).

SOURCE  Autoliv Inc.