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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Kia Motors Co., Ltd.

Kia Motors Co., Ltd.
 NEWS FROM THE STANDARD
Fear and Lying on the Y2K Trail
Oct 11 1999 12:00 AM PDT

 PROFILE
Kia Motors took a detour through bankruptcy court on its way to becoming an affiliate of Hyundai Motor. Once South Korea's third-largest automaker, Kia racked up $10 billion in debt before creditors offered the company at auction. Rival Hyundai Motor submitted the highest bid and acquired 51% of the company. (Hyundai's stake has since been reduced to about 46%.) Kia's largest capacity plants are located in China, Egypt, Indonesia, Iran, and Taiwan. In the US Kia sells the Sportage (an SUV), the Spectra (a sedan, and the Sephia and the Rio (both compact sedans). Other models include Retona (an SUV) and the Pregio (a minivan). Kia also produces buses and military vehicles.

 COMPETITION
Daewoo Motor Co., Ltd. (dossier)
Ford Motor Company (F)
General Motors Corporation (GM)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8,529.20
1-Yr. Sales Growth: 22.9%
Employees: 29,857
Revenue per employee: $285,668.35

 KEY PEOPLE
• Mong-Koo Chung
    CEO
• Hak-Jin Chung
    CFO

 CONTACT INFO
992-28, Shihung-dong, Kumchun-gu
Seoul, South Korea
Phone: 82-2-788-1114
Fax: 82-2-784-8347
Online: Web Site

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