Success Story: Journey of KIA Motors
The fifth-largest automaker in the world, KIA Motors produces cutting-edge vehicles that are highly rated for passenger safety, with a number of its models being recognised as class leaders on the JD Powers Index. KIA Motors was founded as Kyungsung Precision Industry in December 1944. The business was subsequently given the moniker KIA Industries. The second-largest carmaker in South Korea, KIA Motors is headquartered in Seoul. Nearly a dozen Hyundai businesses are owned by KIA Motors for a total of USD 8.3 billion. Journey of KIA Motors At first, KIA Motors was known as Kyungsung Precision Industry, which manufactured bicycle components and steel tubing. The company created its first home bicycle in 1951. After that, it changed its name to KIA Industries in 1952, and in 1957 it started making cars, motorcycles, and trucks. Chun Doo-government, Hwan's which promoted industrial consolidation, forced KIA Motors to stop producing passenger cars in 1981. KIA joined the car m...