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. Aside from their being based in the same city, the two companies were entirely separate until much later. When Hyundai made its first major purchase of Kia Motors stock in 1998, they acquired 51% of the company. Today, they only own roughly 1/3 of Kia Motors, but the two organizations still maintain close ties.

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