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Is Kia owned by Hyundai?

Is Kia owned by Hyundai? Hyundai  and  Kia  are both headquartered in South Korea, and  Hyundai owns  33.8% of  Kia  Motors.  Kia  Motors was founded all the way back in 1944, while  Hyundai  was founded separately in 1967. ... When  Hyundai  made its first major purchase of  Kia  Motors stock in 1998, they acquired 51% of the company.