Daewoo Motor to ship 20,000 vehicles to RI

Daewoo Motor to ship 20,000 vehicles to RI

SEOUL (AFX-ASIA): Daewoo Motor Co will export 20,000 commercial passenger cars and buses worth US$110 million to Indonesia through Chonbuk Trading Co, Chonbuk said.

A Chonbuk company spokesman said: "We will go to Indonesia to sign a memorandum of understanding on Nov 27, and the Indonesian partner will visit the car plants here in Chollabuk-do (south of Korea) early next year."

Initially, Daewoo will supply 8,000 units early next year, he said.

He added, however, the contract is expected to be finalised only after the plant visit, and that Chonbuk will be ready to provide other brands if the importer asks for them.