KIA SALES IN EUROPE LEAP 128% DURING NOVEMBER

• Highest-ever November sales reach record 19,462 units for the month
• Picanto sales jump by 9,411 in November to 45,400 since launch

Kia Motors Europe Headquarters, Eschborn, Germany - 1 December 2004

Kia sales in Europe during November reached new record-high levels for that month, with a total of 19,462 vehicles delivered - an incredible 128% higher than sales in November 2003 - in what is often regarded as a ´quiet´ month for new car sales. This latest record result pushes Kia´s year-to-date accumulated sales for 11 months to 161,825 units, 46% higher than sales over the same period last year - maintaining Kia´s position as Europe´s fastest growing automotive brand.

The sparkling appeal of Kia´s all-new Picanto small car is attracting ever-increasing numbers of customers to Kia showrooms. In November, 9,411 Picantos were delivered, bringing Picanto sales since the A-Segment model´s launch just seven months ago, to over 45,400 units.

Kia´s two other new-for-2004 models, the C-Segment Cerato and new Sportage compact SUV, are both selling strongly. Popular older models are maintaining their customer appeal and sales of the 4x4 Sorento are up by 39% and the Carens MPV by 16%, compared to 2003.

The leading markets for Kia across Europe, with monthly sales of more than 3,000 units each, continue to be Germany, Spain and the UK, with Spain setting a record-breaking high of 3,804 sales during November.

"Our new-for-2004 Kia products, the Picanto, Cerato and Sportage, are designed to appeal to European motorists - and they are doing that most successfully," commented Jean Charles Lievens, Vice President Kia Motors Europe. "The latest sales record for the month of November is a great endorsement of our products and the marketing endeavours of our expanding dealer network."

Early this year, Kia´s monthly sales in Europe set an all-time high record during September, with a total of 20,048 cars delivered to customers across the region. It was the first time that monthly sales had exceeded 20,000 units and represented a 62% rise over sales in September 2003.

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Editors Notes

Kia Motors Europe
Kia Motors Europe is the European sales, marketing, and service arm of Kia Motors Corporation. With its headquarters in Eschborn, Germany, it covers 20 markets in Europe. The European sales target is 300,000 units per year by 2005, thanks to new European products and new diesel engines.

About Kia Motors Corporation
Kia Motors Corporation (www.kiamotors.com), which celebrates its 60th anniversary in 2004, is among the world´s fastest growing automobile companies. As part of the Hyundai-Kia Automotive Group, Kia aims to be a ´Top 5´ global automaker by 2010. Kia´s 15 manufacturing and assembly operations in 12 countries make more than one million vehicles each year. These vehicles are sold and serviced through a network of distributors and dealers covering 190 countries.

Founded in 1944, Kia Motors Corporation is Korea´s oldest manufacturer of automobiles. Kia today has 30,000 employees and annual revenues of US$ 12 billion. It is the major sponsor of the Australian Tennis Open and the international sponsor of the Davis Cup.

Press Contact:

Kia Motors Europe GmbH
Hauptstrasse 185, 65760 Eschborn, Germany.
Tel.: +49 (6196) 509 2132 / Fax.: +49 (6196) 509 2100