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Kia Motors: Asian Crisis, Merger into the Hyundai Group, 1997–1998

In: The Korean Automotive Industry, Volume 2

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  • A.J. Jacobs

Abstract

This chapter provides a brief outline of the fate of Kia Motors between 1997 and 1998. It begins with a section supplying background on the steady but costly rise of Korea’s second largest automaker. It then discusses Kia’s fall into bankruptcy during the same summer of 1997. Next, the chapter examines how several larger automakers from Korea and overseas slowly circled the wagons over Kia Motors during the first half of 1998, before three international auctions finally netted a buyer during the second half of 1998. The chapter concludes with some details surrounding Hyundai Motor’s acquisition of Kia and Asia Motors and provides a segue into Chapter 7 .

Suggested Citation

  • A.J. Jacobs, 2023. "Kia Motors: Asian Crisis, Merger into the Hyundai Group, 1997–1998," Springer Books, in: The Korean Automotive Industry, Volume 2, chapter 0, pages 179-205, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-36453-2_6
    DOI: 10.1007/978-3-031-36453-2_6
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