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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 is also involved in 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 2020 KRWUSD
Gross Profit9,947.42B8,430.82M
Operating income2,067.54B1,752.32M
Income before tax1,779.95B1,508.58M
Net income1,487.58B1,260.78M
Diluted EPS3,710.323.14
Dividends Per Share1,0000.84
Total Assets60,490.44B55,684.83M
Total liabilities30,598.77B28,167.88M
Total equity29,891.67B27,516.95M
Operating cash flow5,423.89B4,596.95M
Currency in KRWCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 52,712.90B 53,535.68B 54,169.81B 58,145.95B 59,168.09B
Gross Profit 10,422.76B 8,941.82B 8,048.44B 9,390.64B 9,947.42B
Operating income 2,463.60B 663,403M 1,157.47B 2,009.78B 2,067.54B
Income before tax 3,442.03B 1,140.05B 1,468.64B 2,023.99B 1,779.95B
Net income 2,754.64B 968,018M 1,155.94B 1,826.65B 1,487.58B
EBITDA 4,149.02B 2,518.00B 3,092.35B 4,139.23B 4,287.06B
Diluted EPS 6,873 2,414 2,883.14 4,556.04 3,710.32
Dividends Per Share 1,100 800 900 1,150 1,000
Total Assets 50,889.26B 52,294.43B 51,786.60B 55,344.79B 60,490.44B
Total liabilities 24,309.83B 25,433.26B 24,543.14B 26,366.66B 30,598.77B
Total equity 26,579.42B 26,861.17B 27,243.46B 28,978.13B 29,891.67B
Operating cash flow 3,275.88B 2,594.19B 4,470.76B 3,610.65B 5,423.89B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 45,434.73M 47,355.32M 49,222.10M 49,860.00M 50,147.22M
Gross Profit 8,983.67M 7,909.54M 7,313.32M 8,052.45M 8,430.82M
Operating income 2,123.45M 586.81M 1,051.75M 1,723.38M 1,752.32M
Income before tax 2,966.78M 1,008.44M 1,334.50M 1,735.57M 1,508.58M
Net income 2,374.30M 856.26M 1,050.36M 1,566.35M 1,260.78M
EBITDA 3,576.16M 2,227.31M 2,809.90M 3,549.38M 3,633.45M
Diluted EPS 5.92 2.13 2.61 3.90 3.14
Dividends Per Share 0.94 0.70 0.81 0.98 0.84
Total Assets 42,133.84M 48,848.19M 46,412.08M 47,857.49M 55,684.83M
Total liabilities 20,127.36M 23,757.19M 21,996.00M 22,799.65M 28,167.88M
Total equity 22,006.47M 25,091.00M 24,416.08M 25,057.83M 27,516.95M
Operating cash flow 2,823.57M 2,294.70M 4,062.41M 3,096.12M 4,596.95M

Valuation Measures

Dec 2020
Operating margin3.49%
Profit margin2.51%

Key executives

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


  • Hyundai Motor Co., Ltd. (33.8%)
  • National Pension Service of Korea (8.4%)
  • Kia Motors Corp. Employee Stock Ownership Association (2.7%)
  • CHUNG EUI-SUN (1.7%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.1%)
  • Kia Corp. (1.0%)
  • Samsung Asset Management Co., Ltd. (0.9%)
  • Fidelity Management & Research Co. LLC (0.9%)

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 1 Dec, 2021

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