HYUNDAI WIA Corporation (KOSE:A011210), Hyundai Motor Company (KOSE:A005380) and Kia Corporation (KOSE:A000270) entered into a definitive agreement to acquire additional 30% stake in Hyundai Wia Automotive Engine (Shandong) Co., Ltd. from Rizhao Port Co., Ltd. (SHSE:600017) for approximately KRW 250 billion on April 27, 2020. As of April 27, 2020, HYUNDAI WIA Corporation increased its stake to 42.9%.

HYUNDAI WIA Corporation (KOSE:A011210), Hyundai Motor Company (KOSE:A005380) and Kia Corporation (KOSE:A000270) completed the acquisition of additional 30% stake in Hyundai Wia Automotive Engine (Shandong) Co., Ltd. on September 30, 2020.