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BRIEFING - ASIA AUTOMOTIVE - JULY 6, 2004.

AsiaPulse News, July, 2004

An executive briefing on the automotive industry for July 6, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

KIA MANAGEMENT, UNION LIKELY TO REACH AGREEMENT SOON

SEOUL - The labor union and management of Kia Motors Corp. (KSE:00270), South Korea's second-largest automaker, may reach a tentative agreement on wage hikes either later Tuesday or early Wednesday, an informed source said Tuesday.

The labor union and management are fine-tuning details on the terms of the agreement, a Kia Motors official said on condition of anonymity.

S. KOREA'S IMPORT CAR SALES SURGE 47.9% IN JUNE

SEOUL - Import car sales in South Korea...

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