Kongsberg Automotive

Kongsberg Automotive opens a new sales office in Seoul, Korea

Zurich, November 30, 2022: Kongsberg Automotive (KA) has opened a new sales

office in Seoul, Korea. This new setup is in line with KA's overall growth-plan

and supports the company`s targets to modernize and innovate in terms of

competence and technology.

With the new office, KA will better secure the introduction of new product

technologies in both commercial and passenger vehicles segments in Korea. KA

established a plant in southern Korea in Yangsan in 2001. This new location

further north will contribute with shorter lead time to the market and

customers.

"A new sales office in Seoul is of strategic importance to KA and our new sales

organization as we move towards capturing a larger market-share in Korea," says

David Redfearn, Chief Sales Officer, "It will improve our customer intimacy and

help us deliver our ambitious growth plans in this important region."

Equipped with modern amenities in a bustling mobility hub in Seoul, the office

will bring the KA Korea team closer to the company's valued customers, create

new relationships, improve feedback, and reduce reaction time.

As KA finalizes the new setup in Seoul, KA Korea will seek new talent from

diverse professional backgrounds to expand its team.

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

Media & Investor Relations:

Mads Langaard

+47 905 81 26

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