Jurisdiction - Korea
News
Ashurst Advises Component Manufacturers/Service Providers On USD 1bn Agreement To Supply Parts To Kia Motors.

2 February, 2015

 

Ashurst advised 12 Korean auto part makers/service providers (‘suppliers‘) on their US 1bn agreement with the State of Nuevo Leon, Mexico, to invest in, and to construct, manufacturing plants or facilities in the State, and supply parts in the State to Kia Motors (‘Kia‘), which is also building an assembly plant in Nuevo Leon.

 

The twelve suppliers are Daehan Solution, Donghee Industrial, Dongwon Metal, Hanil E-Hwa, Hyundai Dymos, Hyundai Glovis, Hyundai Hysco, Hyundai Mobis, Hyundai Powertech, Hyundai Wia, Sejong Industrial and Sungwoo Hitech.

 

The Ashurst team was led by partners John K.J. Kim, Peter Kwon and Doos Choi.

 

Commenting on the deal, John K.J. Kim said:

 

“This is a crucial next step for both the suppliers and Kia in meeting the rising regional and global demand for Kia automobiles. We are proud to have represented such renowned Korean clients in the automotive industry on this significant project.”

 

Conventus Law

Follow us on Twitter @conventuslaw

Comments are closed.