SOUTH KOREA

Daewoo Chooses India Over China for New Plant: The Daewoo Group of South Korea will build a $500-million car engine factory to be operated by DCM-Daewoo, an existing joint venture with DCM Ltd. of India that already has an assembly plant in New Delhi, an official said. “Daewoo apparently found the progress in India faster than in China,” DCM-Daewoo Managing Director S.G. Awasthi said. “Also, it would help logistically to have the factory near our existing car plant.” The New Delhi assembly plant has an annual production capacity of 62,000 cars, and DCM-Daewoo plans to open another factory to assemble about 150,000 a year, Awasthi said.