MAM
Tae-Jin Park named MD and CEO of Kia India
Mumbai: Kia India on Friday announced that its executive director and chief sales and business strategy officer Tae-Jin Park will assume the role of Kia India managing director and chief executive officer, with effect from 4 October. Park will succeed Kookhyun Shim who played a crucial role in introducing the Kia brand in India, it said.
In his new role, Park will be responsible for the company’s growth and market expansion in the country. He will lead the India operations and directly oversee the entire manufacturing, product strategy and development, business planning, and sales. He has been associated with Kia India since January 2020. “It is my honour and absolute privilege to lead India operations and take the Kia story in the country forward, building upon the strong foundation laid by Shim,” Park said.
In his illustrious career spanning over three decades, Park has gained immense knowledge of global business environment and his expertise lies in penetrating new markets. He said India is a strategic market for Kia and has the potential to foster growth for the brand globally. “In our short journey in India so far, we have achieved many milestones and these achievements are a testament to our commitment to bringing a revolution in the auto industry by making a difference across the entire auto ecosystem,” he added.
Prior to his association with Kia India, he served at the headquarters of Kia Corp as head of operations for the Middle East, Africa, and Asia based in Seoul, South Korea. He has also served at Kia Mexico as chief sales officer. He has been associated with Kia Corp since 1987.
“Our ambitious targets will not only challenge us but will also help us establish India as an important sales, production, and research & development hub for Kia,” Park said.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
