Kia Motors Corp., South Korea's second-largest automaker, said Friday its net profit dropped 21.6 percent on-year in 2014 as profitability worsened from the strong won and unfavorable business conditions in global markets.
Net income came to 2.99 trillion won (US$2.75 billion) last year, compared with 3.92 trillion won reported a year earlier, the company said in a regulatory filing.