Who Owns Kia? – Under30CEO

There are such a lot of completely different automobile producers that it’s onerous to decide on which automobile you need. Some have distinctive options whereas others are luxurious manufacturers that may wow your family and friends. In the present day’s article is to give attention to a selected automobile model, particularly, Kia. Chances are high that you’ve got heard of Kia. Perhaps you drove in a single earlier than. Or your dad and mom had one. Regardless, the article under is concentrated on who owns Kia. With that mentioned, let’s get began!

Founding of Kia

Kyungsang Precision Trade was the unique founding title of Kia on June 9, 1944, in Korea. It had a give attention to metal tubes and bicycle items. In truth, it created the primary Korean bike in 1951. In 1952, the corporate modified its title to KIA and would construct small bikes for Honda in addition to Mazda vans and vehicles within the 60s and 70s respectively.

Nonetheless, a lot of this modified when in 1981 when navy dictator Chun Doo-hwan took management and consolidated industries throughout the nation. Kia was then pressured to cease making vehicles and give attention to vans as a substitute. It was then in 1986, Kia was in a position to begin making vehicles once more. They made simply 26 that 12 months, however the next 12 months, they partnered with Ford and cranked out virtually 100,000 vehicles. Kia’s partnership with America was fruitful and Kia Motors America was established inside the borders of america in 1992, marking its incorporation.

The primary Kia vehicles have been offered in Oregon in 1992 and so they began to develop. By 1995, Kia had over 100 dealerships in thirty states.

 Underneath New Administration

Kia would undergo chapter resulting from a monetary disaster in Asia. Fortunately for it, Kia was purchased out by Hyundai Motor Firm. HMC was in a position to purchase 51% of the corporate, having outbid Ford. After investments, HMC now owns a 3rd of the corporate however remains to be the most important investor.

For the reason that early 2000s, Kia has been in a position to be a preferred automobile model in Europe and america. It could go on to have 15 years of consecutive development. In 2014, Kia gained wider recognition when Pope Francis rode in a Kia Soul when he visited South Korea. The Kia Soul grew to become an enormous success as a result of Kia Carnival and the Hyundai Sante Fe, two very fashionable automobile varieties.

Who Owns Kia?

Kia was fashioned by Kim Chul Ho who was born in 1905 in Korea. When he was a teen, he lived in Japan and labored in a metal mill. He would arrange a enterprise making nuts and bolts for bicycles in Osaka. Kim then returned to Korea and fashioned Kyungsung Precision Trade.

Kim then modified the title to Kia and began making bikes. Nonetheless, he was decided for his enterprise to succeed regardless of the Korean Struggle, making it troublesome for him to get the wanted supplies. He continued to make the primary motorbike in South Korea in 1961. He handed away in 1973 a 12 months earlier than the primary Kia compact automobile, the Kia Brisa was launched.

In the present day, the chairman of Kia is Chung Eui-sun whereas the president and CEO is Track Ho-Sung. Track was made CEO in March 2020. They selected him resulting from his experience within the car trade and his dealing with of enterprise abroad.

Previous to his ascendence, Track was in a number of management roles. This contains the Vice President of Kia Motors Frace, Senior Vice President of Kia Motors Europe Vice President of Head of Kia Motors Company Export Planning Group, and Govt Vice President of Head of International Operations, Kia Motors Company.

Kia In the present day

Kia continues to be a profitable automobile producer. As of 2021, Kia had a income of 69.86 trillion in South Korean received. In United States {dollars}, that is about $52 billion. Kia continues to have a working partnership with Hyundai Motor Company by having minority inventory in 12 HMC subsidiaries. To not point out that Kia has crops the world over comparable to France, Mexico, and India.


Now you recognize who owns Kia. Kia has had an extended and affluent profession. Due to a youngster named Kim Chul Ho, he made a dream to have a enterprise. Fortunately, the world was form sufficient to permit him to succeed regardless of conflicts like World Struggle II and the Korean Struggle. Sadly, he wasn’t in a position to dwell to see the primary automobile beneath his firm.

However, it managed to outlive, even beneath a navy dictatorship and a monetary disaster in its homeland, But, it persevered. Rather a lot will be mentioned about Kia and the way it survived by way of robust instances. What do you assume allowed it to be so profitable in instances of strife and nonetheless handle to come back out on high? Now it’s a acknowledged family title the world over. Maybe there’s some luck on this planet in spite of everything?!