Kia Motors exec says softer yen is biggest threat

Newswire

SEOUL, March 28 (Reuters) - South Korea's Kia Motors is worried about the sharp decline in the value of the yen, which is aiding Japanese rivals, an executive at the affiliate of Hyundai Motor said on Thursday. The South Korean won has risen 4 percent versus the yen this year after a 23 percent jump last year, further reducing the currency advantage that benefited South Korean automakers since the global financial crisis. "The yen is the biggest threat to us, ...

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