Kia Motors Purchases 100 Billion KRW Worth of Securities from Hyundai Motor Securities
[Asia Economy Reporter Yoo Byung-don] Kia Motors announced on the 12th that it purchased securities worth 100 billion KRW from its related party, Hyundai Motor Securities.
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The interest rate is based on the market rate, and the maturity date is July 10, 2020. Kia Motors explained the purpose of purchasing the securities as "stable fund management and profitability enhancement."
This content was produced with the assistance of AI translation services.
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