South Korean manufacturer Kia Motors has big plans for the Indian market. The company has entrusted veteran Kookhyun Shim with the position of Managing Director and Chief Executive Officer of Kia Motors India. He will manage the $1.1-billion investment plan for a greenfield manufacturing unit in Andhra Pradesh. He has been serving as the Head of Kia Motors Manufacturing Georgia Plant Coordination Group. Earlier, he was overseeing Kia production in Slovakia.
“We are delighted to announce the appointment of Kookhyun Shim as MD & CEO for India. We recognise India as a major market with huge potential for our world-class cars. We are confident that Shim’s leadership will provide the direction we need to grow our presence in what is one of the world’s biggest new car markets,” said Han-Woo Park, President at Kia Motors Corporation. “
In April 2017 Kia Motors signed a memorandum of understanding (MOU) with Andhra Pradesh to build a new manufacturing facility in Anantapur district. The plant is expected to begin production in the second half of 2019 and produce 300,000 units per year. Kia produces over three million vehicles a year from 14 manufacturing and assembly operations in five countries.