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Consumer Durables

Kia Corp.

Company Background

Kia Motors is a South Korean automaker that began as an autoparts manufacturer in 1944.The company once had a capital tie-up with Japanese automaker Mazda Motor for the production of Mazda vehicles. However, that alliance was dissolved. Kia filed for bankruptcy during the 1997 Asian financial crisis and became a subsidiary of fellow South Korean automaker Hyundai Motor in 1998.


Kia has close production ties with its parent, Hyundai Motor; they share chassis, and Kia produces Hyundai cars at its plants. However, Kia maintains independence in product development. Its models include the Optima midsize sedan and the Soul compact.


Although Vice Chairman Lee Hyoung-keun and other executives have representation rights at Kia, Hyundai Chairman Chung Mong-koo maintains control over Kia's management.


Hyundai Vice Chairman Chung Eui-sun, the first son of Chung Mong-koo, was a top executive at Kia in the mid-2000s. During that time, Kia hired a former chief designer of German automaker Audi, and adopted innovative vehicle body designs. Hyundai also adopted the same designs, gaining popularity both at home and abroad.

Business Summary

Kia Corp. engages in the manufacture and sale of motor vehicles. It operates through the following segment: Passenger Cars, Recreational Vehicles, and Commercial Vehicles. It also provides leasing vehicles, providing vehicle maintenance services, and automobile parts. The company was founded on December 11, 1944 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2022 KRWUSD
Gross Profit18,126.78B14,028.91M
Operating income7,233.32B5,598.11M
Income before tax7,071.71B5,473.03M
Net income5,409.42B4,186.53M
Diluted EPS13,494.7010.44
Dividends Per Share3,5002.70
Total Assets73,710.96B58,292.57M
Total liabilities34,367.88B27,179.02M
Total equity39,337.93B31,109.47M
Operating cash flow9,333.18B7,223.26M
Currency in KRWCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 54,169.81B 58,145.95B 59,168.09B 69,862.36B 86,559.02B
Gross Profit 8,048.44B 9,390.64B 9,947.42B 12,966.95B 18,126.78B
Operating income 1,157.47B 2,009.78B 2,067.54B 5,066.16B 7,233.32B
Income before tax 1,468.64B 2,023.99B 1,779.95B 5,225.60B 7,071.71B
Net income 1,155.94B 1,826.65B 1,487.58B 4,760.45B 5,409.42B
EBITDA 3,092.35B 4,139.23B 4,287.06B 7,287.19B 9,655.92B
Diluted EPS 2,883.14 4,556.04 3,710.32 11,873.91 13,494.70
Dividends Per Share 900 1,150 1,000 3,000 3,500
Total Assets 51,786.60B 55,344.79B 60,490.44B 66,849.99B 73,710.96B
Total liabilities 24,543.14B 26,366.66B 30,598.77B 31,937.44B 34,367.88B
Total equity 27,243.46B 28,978.13B 29,891.67B 34,910.42B 39,337.93B
Operating cash flow 4,470.76B 3,610.65B 5,423.89B 7,359.67B 9,333.18B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 49,222.10M 49,860.00M 50,147.22M 61,006.67M 66,990.88M
Gross Profit 7,313.32M 8,052.45M 8,430.82M 11,323.27M 14,028.91M
Operating income 1,051.75M 1,723.38M 1,752.32M 4,423.98M 5,598.11M
Income before tax 1,334.50M 1,735.57M 1,508.58M 4,563.20M 5,473.03M
Net income 1,050.36M 1,566.35M 1,260.78M 4,157.01M 4,186.53M
EBITDA 2,809.90M 3,549.38M 3,633.45M 6,363.47M 7,473.04M
Diluted EPS 2.61 3.90 3.14 10.36 10.44
Dividends Per Share 0.81 0.98 0.84 2.61 2.70
Total Assets 46,412.08M 47,857.49M 55,684.83M 56,235.54M 58,292.57M
Total liabilities 21,996.00M 22,799.65M 28,167.88M 26,866.40M 27,179.02M
Total equity 24,416.08M 25,057.83M 27,516.95M 29,367.34M 31,109.47M
Operating cash flow 4,062.41M 3,096.12M 4,596.95M 6,426.76M 7,223.26M

Valuation Measures

Dec 2022
Operating margin8.35%
Profit margin6.24%

Key executives

  • President, Co-Chief Executive Officer & Director: Ho-Sung Song
  • Co-Chief Executive Officer, Director & VP: Jun-Young Choi
  • Director, VP & Head-Finance: Woo-Jung Joo
  • Executive Vice President: Karim Habib
  • Vice President & Head-Domestic Business: Hyuk-Ho Kwon


  • Hyundai Motor Co., Ltd. (33.8%)
  • National Pension Service of Korea (7.4%)
  • CHUNG EUI-SUN (1.7%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.5%)
  • Samsung Asset Management Co., Ltd. (1.2%)
  • Kia Motors Corp. Employee Stock Ownership Association (1.1%)
  • Norges Bank Investment Management (1.0%)
  • Kia Corp. (1.0%)
  • APG Asset Management NV (0.8%)

Contact Details

  • Website:
  • Address: 12 Heolleung-ro, Seocho-gu, Seoul, 06797, South Korea
  • Phone: +82.2.3464.5114

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Last Updated on 22 Mar, 2023

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