Kia Motors: Asian Crisis, Merger into the Hyundai Group, 1997–1998

A.J. Jacobs

Chapter Chapter 6 in The Korean Automotive Industry, Volume 2, 2023, pp 179-205 from Springer

Abstract: Abstract This chapter provides a brief outline of the fate of Kia Motors between 1997 and 1998. It begins with a section supplying background on the steady but costly rise of Korea’s second largest automaker. It then discusses Kia’s fall into bankruptcy during the same summer of 1997. Next, the chapter examines how several larger automakers from Korea and overseas slowly circled the wagons over Kia Motors during the first half of 1998, before three international auctions finally netted a buyer during the second half of 1998. The chapter concludes with some details surrounding Hyundai Motor’s acquisition of Kia and Asia Motors and provides a segue into Chapter 7 .

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-36453-2_6

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DOI: 10.1007/978-3-031-36453-2_6

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