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    A000270   KR7000270009

KIA CORPORATION

(A000270)
  Report
End-of-day quote Korea Stock Exchange  -  2022-09-29
71900.00 KRW   -3.49%
09/30South Korean Stocks Slide to Over Two-Year Low Amid Recession Concerns; Kia Loses 3%
MT
09/30S.Korean shares end at over 2-yr low as auto, battery stocks weigh
RE
09/29Kia to Introduce High-Performance EV Model EV6 GT in South Korea
MT
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South Korea's Hyundai Motor replaces China head amid weak recovery

07/25/2018 | 03:59am EDT
FILE PHOTO - The logo of Hyundai Motor is seen on wall at a event of Hyundai Motor Co's new Accent in Mexico City

SEOUL (Reuters) - South Korea's Hyundai Motor Co on Wednesday said it has replaced the head of its operation in China after less than one year, to accelerate recovery in its biggest market.

The automaker is recovering only slowly from the impact of a diplomatic row between the Seoul and Beijing governments, while a dearth of sport utility vehicles hit its sales hard last year.

Hyundai named Yoon Mong-hyun, head of its Turkey operations, as president of its Chinese joint venture with BAIC Motor Corp Ltd. The venture's current head, Tao Hung Tan, who only started the role in September, will support the Chinese business from the automaker's Seoul headquarters, the company said in a statement.

Affiliate Kia Motors Corp also named Jin Byung-jin as head of its Chinese joint venture with Dongfeng Motor Group Co Ltd.

"These appointments are to reinforce our competitiveness, which has been showing signs of recovery in the Chinese auto market," the companies said in a joint statement.

Hyundai's Chinese retail sales climbed 4 percent while Kia's rose 1.3 percent in January-June compared with the same period a year earlier, said Samsung Securities analyst Esther Yim in a client report earlier this month.

Yim cut her target price for Hyundai stock, saying it will take more than two years for the automaker to return its Chinese factory utilisation rate to 80 percent from at 58 percent at present.

(Reporting by Heekyong Yang and Hyunjoo JinEditing by Christopher Cushing)


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
BAIC MOTOR CORPORATION LIMITED -2.33% 1.69 Delayed Quote.-48.66%
DONGFENG MOTOR GROUP COMPANY LIMITED 0.24% 4.21 Delayed Quote.-35.19%
HYUNDAI MOTOR COMPANY -2.75% 176500 End-of-day quote.-15.55%
KIA CORPORATION -3.49% 71900 End-of-day quote.-12.53%
All news about KIA CORPORATION
09/30South Korean Stocks Slide to Over Two-Year Low Amid Recession Concerns; Kia Loses 3%
MT
09/30S.Korean shares end at over 2-yr low as auto, battery stocks weigh
RE
09/29Kia to Introduce High-Performance EV Model EV6 GT in South Korea
MT
09/29MarketScreener's World Press Review : September 29, ..
MS
09/27U.S. VP Harris pledges to consult S.Korea over EV subsidy concerns
RE
09/23South Korean Stocks Plunge to Lowest Level in 2022; Hyundai, Kia Shed 2%
MT
09/23Hyundai Motor, Kia to Launch Electric SUVs Exclusively for China in 2023
MT
09/22U.S. theft claims soar for Hyundai, Kia vehicles, says non-profit group
RE
09/21Yoon asks Biden to resolve South Korea's concerns over Inflation Reduction Act -Yonhap
RE
09/21U.S. and S.Korea exchange 'frank views' on vehicle credits, network fees
RE
More news
Analyst Recommendations on KIA CORPORATION
More recommendations
Financials
Sales 2022 84 246 B 58,7 B 58,7 B
Net income 2022 6 413 B 4,47 B 4,47 B
Net cash 2022 9 680 B 6,74 B 6,74 B
P/E ratio 2022 4,65x
Yield 2022 4,59%
Capitalization 28 827 B 20 074 M 20 074 M
EV / Sales 2022 0,23x
EV / Sales 2023 0,18x
Nbr of Employees -
Free-Float 62,5%
Chart KIA CORPORATION
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Kia Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends KIA CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Last Close Price 71 900,00 KRW
Average target price 116 142,86 KRW
Spread / Average Target 61,5%
EPS Revisions
Managers and Directors
Ho-Sung Song President, Co-Chief Executive Officer & Director
Jun-Young Choi Co-Chief Executive Officer, Director & VP
Woo-Jung Joo Director, VP & Head-Finance
Eui-Sun Chung Chairman
Sang-Koo Nam Independent Director
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1st jan.Capi. (M$)
KIA CORPORATION-12.53%20 074
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GENERAL MOTORS COMPANY-45.27%46 789
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