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1. General Description of Parent Company and Subsidiaries
(a) Organization and description of the Company
Kia Motors Corporation (the “Parent Company”), one of the leading motor vehicle manufacturers in Korea, was established in December 1944
under the laws of the Republic of Korea to manufacture and sell a range of passenger cars, recreational vehicles and other commercial vehicles in
the domestic and international markets. The Parent Company owns and operates three principal automobile production sites: the Sohari factory,
the Hwasung factory and the Kwangju factory.
The shares of the Parent Company have been listed on the Korea Exchange since 1973. As of December 31, 2015, the Parent Company’s largest
shareholder is Hyundai Motor Company, which holds 33.88 percent of the Parent Company’s stock.
The consolidated financial statements comprise the Parent Company and its subsidiaries (together referred to as the “Company”) and the
Company’s interest in associates and joint ventures.
(b) Consolidated subsidiaries
Details of consolidated subsidiaries as of December 31, 2015 are summarized as follows:
Subsidiary Location Business
Percentage of
ownership
Kia Motors America, Inc. (KMA) U.S.A. Exclusive importer and distributor of motor vehicles and parts 100.00%
Kia Motors Manufacturing Georgia, Inc. (KMMG) (*1) U.S.A. Manufacturing and sale of vehicles and parts 100.00%
Kia Canada, Inc. (KCI) (*2) Canada Exclusive importer and distributor of motor vehicles and parts 100.00%
Kia Motors Deutschland GmbH (KMD) Germany " 100.00%
Kia Motors Europe GmbH (KME) Germany Holding company 100.00%
Kia Motors Polska Sp.z.o.o. (KMP) (*3) Poland Exclusive importer and distributor of motor vehicles and parts 100.00%
Kia Motors Slovakia s.r.o. (KMS) Slovakia Manufacturing and sale of vehicles and parts 100.00%
Kia Motors Sales Slovensko s.r.o. (KMSs) (*4) Slovakia Exclusive importer and distributor of motor vehicles and parts 100.00%
Kia Motors Belgium (KMB) (*4) Belgium “ 100.00%
Kia Motors Czech s.r.o. (KMCZ) (*4) Czech “ 100.00%
Kia Motors UK Ltd. (KMUK) (*4) England “ 100.00%
Kia Motors Austria GmbH (KMAS) (*4) Austria “ 100.00%
Kia Motors Hungary K.f.t (KMH) (*4) Hungary “ 100.00%
Kia Motors Iberia (KMIB) (*4) Spain “ 100.00%
Kia Motors Sweden AB (KMSW) (*4) Sweden “ 100.00%
Kia Motors France SAS (KMF) (*4) France “ 100.00%
Kia Motors Nederland BV (KMNL) (*4) Netherlands “ 100.00%
Kia Motors Company Italy S.r.l (KMIT) (*4) Italy “ 100.00%
Kia Motors Russia LLC (KMR) (*5) Russia “ 100.00%
Kia Motors Australia Pty Ltd. (KMAU) Australia “ 100.00%
Kia Motors New Zealand Pty Ltd. (KMNZ) (*6) New Zealand “ 100.00%
Kia Motors Mexico S.A de C.V. (KMM) (*7) Mexico Manufacturing and sale of vehicles and parts 100.00%
(*1) 100.00% owned by KMA (*2) 17.47% owned by KMA (*3) 100.00% owned by KMD (*4) 100.00% owned by KME
(*5) 80.00% owned by KME and 20.00% owned by KMD (*6) 100.00% owned by KMAU (*7) 0.01% owned by KMA
Fifteen investment trusts which are not included in the note above are separate entities and the entities are consolidated as they are under
control of the Company.
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
62 | KIA MOTORS