1. Type of Business Plan: Strategic alliance with an overseas corporation
2. Schedule: Commence production after a 3~4 year development period following the contract agreement
3. Description of Business Plan :
- Purpose of Plan : An alliance with the German company, ZF, in order to adopt the
development of 6-speed transmissions
- Estimated Investment Amount : Approximately KRW 100,000,000,000
(joint development budget about KRW 50,000,000,000)
- Expected Result : Cultivate domestic development capability unique technology in
the newest generation of 6-speed automatic transmissions & Improve sales through
the improvement in the basic quality of mid and large segment vehicles
4. Potential Impediments to Plan : -
5. Board Resolution Date : September 08, 2003 (MOU conclusion date)
6. Others :
- The situation above is in the MOU contract stage and may be subject to change;
A re-announcement is expected to be released at time of contract
