Are Kia and Hyundai owned by brothers?
It is true that Hyundai and Kia are both part of Hyundai Motor Group, South Korea’s second-largest chaebol, or family-owned conglomerate. Atop Hyundai Motor Group sits one man and one man only – Chairman Chung Mong-koo, son of Hyundai founder Chung Ju-yung.
How much of Hyundai is owned by Kia?
As of December 31, 2013, Hyundai owns 33.88% of Kia Motors. The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group.
Is the Hyundai Motor Group the same as Kia?
Both Kia and Hyundai are known for producing inexpensive high-efficiency vehicles. As of 2014, the Hyundai Motor Group owns a 32 percent share in Kia Motors. That is not a controlling interest, which used to be the case, but it does represent an affiliate interest.
Who is the parent company of Kia Motors?
Kia and Hyundai are not a single corporate entity. They are sister companies, both of which operate out of South Korea. Both Kia and Hyundai are known for producing inexpensive high-efficiency vehicles. As of 2014, the Hyundai Motor Group owns a 32 percent share in Kia Motors.
Who is the owner of Hyundai Motor Company?
The group was formed through the purchase of 51% of South Korea’s second-largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88% of Kia Motors.
Are cars manufactured by Kia the same as Hyundai?
Kia is owned by Hyundai. Hyundai sells more vehicles compared to Kia. The broader and more important brand is obviously Hyundai. However, that does not mean that Hyundai quality is better because the underpinnings are the same. Engines, transmissions, electroincs, platforms, technology, etc. are identical.
Are KIA and Hyundai related to each other?
Kia and Hyundai are two South Korea-based automakers with a strong corporate connection , in that Hyundai Motor Co. currently owns around 34% of Kia Motors. Vehicles from both brands selectively share platforms, powertrains, and other components, but are far from being just “badge engineered.”
What is the relationship between Hyundai and Kia?
Hyundai and Kia have a strange, symbiotic relationship. They share factories, parts as well as engineering knowhow and product testing duties. And yet they remain separate entities with their own marketing, distribution and styling departments.
Are KIA and Hyundai affiliated?
The unions at Hyundai, Kia and GM Korea all are affiliated with the militant Korean Metal Workers Union.