Business Chief APAC+ANZ Magazine December 2018 | Page 68

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06 KIA Motors

The Kia Motors Corp . is based in the South Korean capital , Seoul , and engages in the manufacture and sale of passenger , commercial and recreational vehicles . The company is also involved in leasing , vehicle maintenance and automobile parts . In 2018 , KIA reported an asset portfolio totaling $ 49.6bn , representing a year-on-year growth of $ 7.5bn . Additionally , annual sales increased by $ 2.5bn , up to a 10-year high of $ 47.9bn . According to Shepherd Media , KIA is also ramping up production of its light armoured vehicles under a renewed contract with the South Korean Army . www . kia . com / uk DECEMBER 2018