Kia Motors Corporation is headquartered in Seoul, South Korea, making it the country’s second largest automobile manufacturer after Hyundai. It was founded in December 1944 as part of Kyungsung Precision Industry, a known manufacturer of bicycle parts and steel tubing. It was in 1952 when the name was changed to Kia Industries. Back then, it began producing Honda-licensed motorcycles, as well as Mazda-licensed cars and trucks.
The company continued to develop. In fact, it had a remarkable sales of 3.3 million vehicles in 2015. In December 2015, Hyundai owns approximately 34% of Kia Motors’ stake, amounting to US$6 billion. In turn, Kia is also a minority owner of over 20 Hyundai subsidiaries, with a total cost of over US$8.3 billion.