Kia 2001 Annual Report Download - page 12
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Please find page 12 of the 2001 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.In April, the Korea Fair Trade Commission officially recognized the Hyundai
Motor Group as a corporate entity. On an assets basis, Hyundai rose to 4th
place in the domestic financial rankings. At the time of its separation, the
auto specialist Hyundai Group consisted of 16 subsidiaries, with Hyundai
Motor and Kia Motors at the center and including Hyundai Mobis, INI Steel,
Hyundai Capital and Hyundai Hysco. To strengthen its position in the
financial sector, Hyundai acquired Diner's Card in October and then
re-launched the company as Hyundai Card. Hyundai also bolstered synergy
effects by acquiring ROTEM, which business has a mutually complementary
relationship with the automotive industry. As of December 2001, the
Hyundai Group consists of 21 subsidiaries.
Hyundai Motor Group Ranked 4th among
Korean Corporate Entities
After corporate rebirth,
Kia achieved the best quantitative
and qualitative results ever,
ensuring its emergence as a
world-class automaker.
20 21
Kia Motors annual report 2001
Kia consolidated its reputation for safety by winning top rat-
ings in various safety tests both at home and abroad. In tests conducted
by the U.S. National Highway Transportation & Safety Administration,
the Carnival outperformed U.S. and German models to receive five-star
ratings in both front, side and collision tests. In September, Korea's
Ministry of Construction and Transportation rated the Rio the safest
amongst compact passenger cars in collision tests. In addition to the
Carnival and Rio, the Optima, Carens and Carstar have received excellent
marks for safety in collision tests conducted this year.
Kia's Reputation
for Safety Established in U.S. Market
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3
KIA MOTORS
Top 10 Events in 2001
After being in the black for 3 consecutive years, Kia achieved its best
results ever in 2001. The figures break down to sales volume of
1,027,491 units (domestic: 413,942 units, export: 613,549 units), 12.4
trillion won in sales, (domestic: 6.354 trillion won, export: 6.002 trillion
won), operating income of 522.2 billion won, ordinary income of 424.2
billion won and net income of 552.2 billion won. Higher sales of
value-added vehicles such as the profitable Optima and Carnival II
contributed greatly to sales expansion.
Kia Achieves Best Results Ever
4
Kim, Noi-Myong appointed Kia Motors President & CEO
in a ceremony on August 21, emphasized the sales
strength, uniqueness, and competitiveness of Kia motors.
President Kim urged every employee to work toward
" adapting all company processes - production, sales,
service and quality - to the customer's point of view." He
also stressed they should " have confidence and pride as
employees of a world-class company." President Kim
gained his international experience working for many years
in Hyundai motor's overseas business division.
Appointment of Kim, Noi-Myong
as President & CEO
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