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Kia Motors Corporation

Kia Motors Corporation headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, following the Hyundai Motor Company. The Kia Motors Corporation (KMC), was founded in 1944, when Korea was part of Japan, and today is South Korea’s oldest manufacturer of motor vehicles.

Kia started out as a manufacturer of steel tubing and bicycle and in 1951, Kia began building complete bicycles. In 1957 Kia started building Honda-licensed motorcycles, Mazda-licensed trucks in 1962 and opened its first integrated automotive assembly plant in 1973 to manufacture cars. According to Kia Motors, the name “Kia” derives from the Sino-Korean words ki (“to come out”) and a (which stands for Asia), it is roughly translated as “arise or come up out of Asia”.

Kia declared bankruptcy in 1997 during Asia’s financial crisis; and in 1998, Hyundai Motor Company acquired 51% of the company. HMC divested their stake over time, but remains Kia’s largest stakeholder at 33% in 2013. Currently (2016), more than 1.5 million vehicles a year are produced in 13 manufacturing and assembly operations in eight countries, which are then sold and serviced through a network of distributors and dealers covering 172 countries.

 


Kia Used Cars – Available Models