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Paraguay and South Korean finalize details for joint electric car parts production to start in 2022

“We believe that the automotive industry in Paraguay can contribute to national growth and development,” said Ambassador In Shik Woo. Paraguay s Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported. The Korea Institute of Automotive Technology (Katech) has recently signed a memorandum of understanding with Paraguay s Ministry of Industry and Commerce for the establishment and operation of the Paraguayan Auto Parts Technology Center, with a view to the supply and operation of commercial electric vehicles.

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