Kia Motors Corporation will temporarily suspend four of its nine domestic plants due to the impact of the coronavirus outbreak.
South Korea's second-biggest carmaker by sales will halt operations at its two Sohari plants in Gwangmyeong from April 27-May 8 and May 22-25.
Furthermore, one of the two plants in Gwangju will shut down: from April 27 to May 8, with the other one from April 27 to 29.
The temporary suspensions are aimed to keep inventories at manageable levels due to lower overseas demand.
Consumers have stopped visiting dealerships due to COVID-19 fears.
The four factories to be temporarily closed manufacture the majority of Kia's exports. One of the Sohari plants builds the Stinger sports car and the K9 sedan and, while the other makes the subcompact Stonic.
One of the Gwangju plants produces the Soul boxcar and the Sportage SUV, while the other creates military vehicles, pick-up trucks, and large buses.
During the suspension, Kia will continue to build trucks and military cars.
Other than its nine domestic plants, Kia also operates three factories in China.
The company's plants in India, the United States, and Mexico are also suspended.
Kia has a total output capacity of 3.84 million units.


U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech 



