Pause operations: company temporarily curtailing operations while keeping return options open

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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.

 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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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
April 15, 2025

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). The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts. Kia may be the first global car company to return to Russia. The Korean concern has included Russia in its updated sales plan. Recently, there have been rumors suggesting that Kia, a subsidiary of Hyundai Motor Group, plans to re-enter the Russian market. However, industry sources and local media reports clarified that these rumors are unfounded. Kia has strongly denied any plans to return, stating that such claims are “not true.” The Hyundai Motor Group further explained that the sales figures announced at the ‘2025 CEO Investor Day’ pertain to the entire Commonwealth of Independent States (CIS), not specifically Russia. The CIS includes countries like Kazakhstan and Uzbekistan, which are part of Kia’s broader sales strategy.

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Statements Archive
April 30, 2025Holding Back the Brand: Intel and Microsoft Register Trademarks in Russia. Which Major Western Players Have Taken Similar Steps and Are There Prospects for Their Return?
April 16, 2025Hyundai Motor Group Strategically Withdraws from Russia; Kia Re-Entry Rumors Proven False
April 15, 2025Kia revives 'Russian share' in mid- to long-term sales target… Begins re-entry
January 15, 2025Inexpensive cars of brands that left the country have disappeared from sale in Russia
September 10, 2024The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts
October 04, 2023Are Hyundai and Kia selling off their balances and winding down their business? Have your hearing checked
June 05, 2023Sales of passenger cars are catching up with demand
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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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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