Kia Motors India (KMI) has appointed Kookhyun Shim as Managing Director and Chief Executive Officer with immediate effect. Shim will be responsible for driving Kia Motors’ expansion in the Indian market.
He will also oversee the construction of Kia Motor’s first manufacturing facility in India, to help strengthen the company’s position in the fifth largest global automotive market. Kia’s future development in the Indian market will be supported by a $ 1.1 billion investment.
The 58-year old Shim brings more than 30 years experience in the automotive industry, having most recently served as Head of Kia Motors Manufacturing Georgia Plant Coordination Group. Earlier to this, he was responsible for the head coordinator of Kia production in Slovakia.
Han-Woo Park, President at Kia Motors Corporation, said, “We are delighted to announce the appointment of Kookhyun Shim as Managing Director & CEO for India. We recognize 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.”
Kookhyun Shim, Managing Director & CEO of KMI. said, “Kia has big plans for India. The Indian economy is at an inflection point, and I am excited to work in an emerging market that’s forecasted to become the third largest globally by 2021. India is a crucial market for all global automotive brands, and I aim to replicate the success that Kia has seen in many other major markets. Kia’s brand slogan, ‘The Power to Surprise’, will be present in everything we do here.”