South Korea South Korea automotive history timeline:

1944 Kia is formed and manufactures bicycles.
1947 Hyundai is formed as a small construction company.
1955 The first Korean motor car is built, the Sibal. It was based on the Willys Jeep and built from whatever parts could be sourced following the 1950-1953 Korean War.
1962 The South Korean government enacted the Automobile Promotion Policy, which barred foreign car manufacturers from producing locally unless they were joint ventures with Korean companies.
1967 Chung Ju-Yung starts the Hyundai Motor Company with an agreement to Ford to build the Cortina in South Korea.
1997 Kia declares bankruptcy.
1998 Kia reaches an agreement with Hyundai Motor Company who take 51%, this is subsequently reduced to around one third.
2015 Hyundai announces Genesis as their luxury automobile brand.