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South Korea's Hyundai, Kia expect slowest sales growth in 10 years

The logo of Hyundai Motor is seen on a car displayed at a Hyundai dealership in Seoul in this July 1, 2011 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales in 2013 to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Truth Leem/Files

The logo of Hyundai Motor is seen on a car displayed at a Hyundai dealership in Seoul in this July 1, 2011 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales...more

The logo of Hyundai Motor is seen on a car displayed at a Hyundai dealership in Seoul in this July 1, 2011 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales in 2013 to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Truth Leem/Files
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Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won

Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year...more

Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won
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Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won

Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year...more

Hyundai Motor Group chairman Chung Mong-koo speaks during the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won
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A view shows the logo of a Kia car in its factory in Zilina, 200 kilometres north of Bratislava in this October 3, 2012 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales in 2013 to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Petr Josek/Files

A view shows the logo of a Kia car in its factory in Zilina, 200 kilometres north of Bratislava in this October 3, 2012 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in...more

A view shows the logo of a Kia car in its factory in Zilina, 200 kilometres north of Bratislava in this October 3, 2012 file photo. South Korea's biggest automakers Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales in 2013 to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Petr Josek/Files
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Hyundai Motor Group chairman Chung Mong-koo attends the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won

Hyundai Motor Group chairman Chung Mong-koo attends the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a...more

Hyundai Motor Group chairman Chung Mong-koo attends the company's opening ceremony for the year in Seoul January 2, 2013. South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003. REUTERS/Lee Jae-Won
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Hyundai Motor's Sonata sedan sits on display at a dealership in Seoul February 24, 2010. REUTERS/Lee Jae-Won

Hyundai Motor's Sonata sedan sits on display at a dealership in Seoul February 24, 2010. REUTERS/Lee Jae-Won

Hyundai Motor's Sonata sedan sits on display at a dealership in Seoul February 24, 2010. REUTERS/Lee Jae-Won
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