Kia Motors Launches Ray Minicar in Korea, Aims to Sell 60,000

Kia Motors Corp. (000270) will release its new mini crossover-utility-vehicle Ray in South Korea for between 12 million won to 16 million won. The automaker plans to sell 5,000 units per month and 60,000 in Korea next year, according to an e-mailed statement today.

To contact the reporter on this story: Rose Kim in Seoul at rkim76@bloomberg.net

To contact the editor responsible for this story: Chua Kong Ho at kchua6@bloomberg.net

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