Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  3. 8

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Seoul's first snowfall could hit hard, warns weather agency

    Seoul's first snowfall could hit hard, warns weather agency
소아쌤

Kia sells record high, profits fall

By Korea Herald

Published : Jan. 27, 2016 - 11:29

    • Link copied

Kia Motors reported Wednesday an on-year decline of 8.5% in its operating profits for 2015, although it posted record-high sales of 40.5 trillion won ($39 billion).

The company sold 2,915,000 cars worldwide last year, however, the soaring marketing fees and fluctuating currency exchange rate dented its profits. 
(Yonhap) (Yonhap)


For 2015, Kia Motors reported an operating profit of 2.34 trillion won. Its net profit fell 12.1 percent to 2.63 trillion won.

According to the company, 1.72 million units of cars were sold domestically -- up 1.1 percent from the previous year -- and 1.32 million units overseas -- down 0.7 percent. The release of popular models such as the K5, Sportage and Carnival have led the success, the carmaker said.

The company expects to sell more cars this year, with the SUVs and minivans retaining their popularity, on top of the much anticipated eco-friendly SUV Niro to be launched in March. Kia set its global sales target at 3.12 million units for 2016, selling 1.63 million units at home and 1.49 million units abroad.

By Bae Ji-sook (baejisook@heraldcorp.com)

More from Headlines