Clean Break: the company completely halting Russian engagements or exiting Russia

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Kia Corporation, is South Korea's second largest automobile manufacturer after (its parent company) Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019.

 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

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South Korea
Automotive

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
280
Assets(RF), mln.USD
980
Capital(RF), mln.USD
882
Staff(RF), 2021
218
Taxes(RF), mln.USD
521
Glob.Revenue, mln.USD
76403
The Company Statement
June 05, 2023

Global carmakers are feeling the pinch as logistics and supply chain disruptions to the Russian market have become a reality. Kia the latest automaker to mull exiting Russia. Revenue in 2022 from Russian operations has significantly dropped vs 2021. Significantly decreased revenue in 2023 vs 2022 (more than 5.8x! times).

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Statements Archive
October 04, 2023Are Hyundai and Kia selling off their balances and winding down their business? Have your hearing checked
January 17, 2023The mobile applications of Skoda, Kia, Infiniti and Nissan have stopped working in the Russian Federation
October 25, 2022Kia the latest automaker to mull exiting Russia
April 27, 2022The shutdown of the PSMA Rus plant means only three vehicle-assembly faciities are still operating in Russia: Avtovor in Kaliningrad, which produces Kia and Hyundai models
March 14, 2022Hyundai’s auto exports to Russia cut by half in February, hit by war
LLC "KIA RUSSIA AND CIS" - Moscow - President Im Jew - TIN 7728674093
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