Who Owns Kia now?
Kia Motors is a worldwide automobile manufacturer that was established in 1944 and is headquartered in South Korea. The business has expanded its operations into more than 180 countries throughout the course of its history, becoming one of the largest automobile manufacturers in the world in the process. Kia is well-known for manufacturing a diverse…
Kia Motors is a worldwide automobile manufacturer that was established in 1944 and is headquartered in South Korea. The business has expanded its operations into more than 180 countries throughout the course of its history, becoming one of the largest automobile manufacturers in the world in the process. Kia is well-known for manufacturing a diverse lineup of automobiles, including four-door sedans, hatchbacks, sport utility vehicles, and pickup trucks.
Kia Motors was once a company that was owned by the Korean Development Bank, which belonged to the South Korean government. But in 1998, the Korean Development Bank sold majority ownership in Kia Motors to Hyundai Motor Company, which is also based in South Korea. This transaction took place in South Korea.
Who Owns Kia now?
Since that time, Kia Motors has operated under the umbrella of Hyundai Motor Company as a subsidiary. This indicates that Hyundai holds majority ownership in Kia and has complete control over the business’s day-to-day operations as well as the decisions that are made regarding those activities.
