Kia Corporation, or just Kia, is a multinational vehicle manufacturer based in Seoul, South Korea. With almost 2.8 million vehicles sold in 2019, it is South Korea’s second-largest automaker after parent firm Hyundai Motor Company. Hyundai owns a minority ownership in the Kia Corporation, with a 33.88 percent share valued at just over US$6 billion as of December 2015. Kia is a minority shareholder in over twenty Hyundai companies, with stakes ranging from 4.9 percent to 45.37 percent and a total value of over US$8.3 billion.
Kia Motors Corporation was established in May 1944 and is Korea’s oldest automobile manufacturer. Kia has developed from humble beginnings as a maker of bicycles and motorcycles to become the world’s fifth largest car manufacturer as part of the dynamic, worldwide Hyundai-Kia Automotive Group. Kia currently manufactures over 1.4 million automobiles per year in 14 manufacturing and assembly plants across eight countries. A global network of over 3,000 distributors and dealers sells and services these vehicles in 172 countries. The company employs over 40,000 people and generates over US$17 billion in annual revenue.
Kia has three major car assembly plants in South Korea – the Hwasung, Sohari, and Kwangju facilities – as well as a world-class research and development center in Namyang with 8,000 technicians and a dedicated environmental R&D center. Near Seoul, the Eco-Technology Research Institute is developing future hydrogen fuel-cell automobiles as well as cutting-edge end-of-life car recycling technologies and methods. Kia invests 6% of its yearly revenue in research and development and operates research centers in the United States, Japan, and Germany.
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