[Kia Motors Concall] "Plan to Secure 10 Trillion KRW Cash Liquidity This Year"

[Asia Economy Reporter Suyeon Woo] Kia Motors stated on the 24th during the 2020 Q1 earnings conference call, "We initially planned to maintain liquidity of 7.9 trillion KRW by the end of the year, but in preparation for the difficult times caused by COVID-19, we are planning to raise more than 3 trillion KRW externally," adding, "Including recent corporate bond issuances, we expect to secure liquidity exceeding 10 trillion KRW this year."

They continued, "We will reduce unnecessary expenses, but will continue to invest in research and development (R&D) and future-oriented investments."

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