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Delphi Opens Technical Center in South Korea
SEOUL, South Korea -- Delphi Corp. (NYSE:DPH) this week officially opened its second technical center in South Korea.Delphi invested in excess of $40 million to open the center, located in the province of Yong-in, Seoul. A team of 240 engineers and support personnel will initially focus on developing gasoline and diesel engine management systems.Delphi's other Korean technical center is located in Kangwon-Do. The Seoul facility is more centrally located to Korean automakers' research and development centers, officials noted."We are committed to Korea and to supporting our local customers here," said J.T. Battenberg III, Delphi's chairman, chief executive officer and president, in dedicating the new facility. "With six technical centers in the Asia Pacific and 34 technical centers worldwide, we can be developing technologies for our Korean customers literally around the clock that will provide value for their programs."South Korea is the sixth-largest vehicle manufacturer in the world, with 3.1 million units produced in 2003. By 2007, industry analysts forecast this figure to increase to nearly 3.5 million units."With this addition of the Korea Technical Center, we are in the best position to service Korean OEMs both in Korea and overseas, as they further develop their business globally," said Dae Un Lee, president of Delphi Korea.Delphi Korea was established in July 1989, and today employs 4,300 at six joint ventures and one wholly owned operation.Among the products that Delphi manufactures in Korea are airbags, converters, compressors, heater assemblies, steering systems, generators, valves, batteries, power and signal distribution systems, condensers, sensors, rack and pinion gears, columns and halfshafts, door latches, and fuel injectors. In the Asia Pacific region, Delphi also operates technical centers in Japan, Singapore, India, and China.Visit Delphi Corp. at www.delphi.com"