Kia Corporation, formerly known as Kyungsung Precision Industry and Kia Motors Corporation, is a leading South Korean multinational automobile manufacturer based in Seoul. It is the second-largest carmaker in South Korea, following its parent company Hyundai Motor Company. In 2019, Kia recorded impressive sales figures exceeding 2.8 million vehicles.
Hyundai acquired a controlling stake in Kia in 1998, holding a significant 33.88% ownership valued at over US$6 billion. Kia, in turn, has minority ownership in more than twenty Hyundai subsidiaries, with stakes ranging from 4.9% to 45.37%, amounting to over US$8.3 billion in total.
The company's name, "Kia," has its
