Kia 2003 Annual Report Download - page 88

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88 Kia Motors Corporation
Affiliates
Hyudai M otor
This major Korean automaker bexported its first
cars (the Pony) in 1976. Hyndai now exports
over 1.6 million units a year. Kia Motors and
Hyundai Motor are now working together in
R&D as well as marketing to claim thier place
among the world’s top five by 2010.
NGV Tek
Established in October 2000, the firm is
developing next-generation automobile
technologies in collaboration with universities
and research institutes at home and abroad.
Hyundai M obis
Hyundai Mobis was initially launched under the
name of Hyundai Precision Industry in 1977.
This is Korea’s largest automotive parts supplier,
serving domestic and overseas customers.
KEPICO Corporation
Hyundai Motor, Robert Bosch Ltd (Germany)
and Mitsubishi Electric (Japan), established
KEPICO as a joint-venture in 1987 to develop
and manufacture automotive engine control
systems, automatic transmission control systems
and various parts that enhance vehicular safety
and comfort.
Dymos
Dymos is Korea’s leading maker of transmissions
and automobile axles for commercial vehicles
and SUVs. The company also manufactures
automatic transmissions for Korean-model
electric trains (K1A1), reduction drive units for
high-speed electric trains and heavy-duty
automobile axles.
Hyundai-Pow ertech
Hyundai-Powetech is an automatic
transmission manufacturer currently based in
the Seosan Industrial Complex. Created in 2001
as a joint-venture firm by Kia Motors and
Hyundai Motor, the company started up mass
production in August 2001 and is now growing
into a major world player working in
cooperation with some of the world’s leading
makers of automatic transmissions.
INI Steel
This Incheon-based firm specializes in section
steel, steel rod, steel rails, stainless steel, rolled
steel, heavy equipment and machinery, INI Steel
boasts high quality and cost competitiveness
and excellent customer services.
Hyundai Hysco
Hyundai Hysco was founded under the name of
Kyung-il Industrial Co., Ltd. in 1975 and has
been a domestic leadier in steel pipe for the
past 30 years. An innovative and aggressive
management style and ongoing development
efforts are driving the company to the forefront
of the Korean steel industry.
BNG Steel Co.
BNG Steel specializes in stainless steel plates.
The company plants in Changwon and Ulsan
have an annual output capacity of 23,000 tons
and command a 30% share of the domestic
market.
Autoever Systems Co.
Autoever Systems Co. offers the Hyundai Motor
Group system management and system
integration services as well as information
system consulting.
e-HD.com Inc.
This firm was created in a satellite imaging
project conducted by Hyundai Space and
Aircraft Co. in April 2000. Equipped with a
state-of-the-art satellite image processing
system and operation technology, e-HD.com is
spurring technology development to provide a
full range of image products and related service
to the public and private sectors.
Glovis Co., Ltd
Created in February 2001, Glovis is a total
logistics solution provider. The company takes
advantage of the logistics know-how of the
Hyundai Group and its own worldwide logistics
network, which includes e-commerce and a
supply chain management system.
Hyundai Capital Service Inc.
Hyndai Capital Service operates 34 branch
offices and 13 service points nationwide,
assisting consumers and corporate customers
with their financing.
Amco Corp.
Amco Corp was established in 2002. The
company is specialized in build automobile and
automotive parts plants.