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At the time of its founding, the Korean company was called KyungSung Precision Industry. The key activity of the enterprise was individual vehicles.
Later, namely on May 15, 1944, a Korean company was born under the name KIA. The combination of these three mysterious letters carries the following meaning - the first syllable KI in the word KIA means - go out into the world. The second syllable A means Asia. Hence the meaning of the word KIA is interpreted as coming out of Asia into the whole world.
The history of KIA Motors begins in 1944. The company produced components for bicycle equipment in a small enterprise located in the territory of the modern city of Seoul.
Predicting a huge future for the automotive industry, Koreans have been focusing on automobile manufacturing since 1960. The first steps were taken from the experience of Japanese manufacturers.
In 1961, the company managed to organize the serial production of motorcycles, and the following year the first three-wheeled truck was developed, but its mass production was postponed for a long 12 years.
In 1976, the corporation creates several subsidiaries - Kia Service Corp. and Kia Machine Tool Ltd. Subsequent growth is due to the acquisition of Asia Motors.
KIA introduces its diesel engine for the first time, and also launches Peugeot 604 and Fiat 132 sedans from the assembly line.
In 1987, Kia launched the new Pride, which was based on the Mazda 121 platform.
In 1997, Asia was gripped by a severe economic crisis and KIA was unable to deal with it on its own, which led to its bankruptcy. A year later, the bankrupt KIA was bought by Hyundai Motors.
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