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Kia to Invest 29 tln Won in Future Mobility, Others by 2025

Kia to Invest 29 tln Won in Future Mobility, Others by 2025

SEOUL, Feb. 9 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won (US$26 billion) in car manufacturing facilities and future mobility technologies by 2025. Kia will spend 18.8 trillion won on enhancing profitability in the existing car manufacturing business and 10.1 trillion won on generating [...]

Kia Q4 Net Nearly Tripled on Improved Product Mix

Kia Q4 Net Nearly Tripled on Improved Product Mix

SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit nearly tripled from a year earlier on an improved product mix despite the coronavirus pandemic. Net profit for the three months ended December jumped to 976.75 billion won (US$884 million) from 346.36 billion won a year earlier, [...]