Clean Break: the company completely halting Russian engagements or exiting Russia
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Kia Corporation
Kia Corporation
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
Leave WithdrawalGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Glob.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). The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts.
| September 10, 2024 | The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts |
| October 04, 2023 | Are Hyundai and Kia selling off their balances and winding down their business? Have your hearing checked |
| January 17, 2023 | The mobile applications of Skoda, Kia, Infiniti and Nissan have stopped working in the Russian Federation |
| October 25, 2022 | Kia the latest automaker to mull exiting Russia |
| April 27, 2022 | The 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, 2022 | Hyundai’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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