Kia vs Target: Founders, CEOs and History
Kia was founded in 1944 by Kim Chul-ho and is led by Ho Sung Song. Target was founded in 1902 by George Dayton and is led by Michael Fiddelke.
Company facts
Founders
Kia
Kim Chul-ho
Kia possesses a gritty, foundational founding story, rooted in the desperate industrial infancy of Korea, long before it became an automotive leader, starting entirely with the pragmatic, meticulous manufacturing of bicycle parts.
Target
George Dayton
George Draper Dayton became a partner in Goodfellow's Dry Goods Company, one of the largest department stores in Minneapolis, in 1902, and became sole owner and president within a year, renaming it the Dayton Dry Goods Company.
CEOs and their tenures
Kia
- Euisun Chung2005–present
Executive Chair, Hyundai Motor Group; Kia Board Member
Credited with starting the design-led turnaround that changed how buyers saw Kia.
Source - Han-woo Park2014–2020
Former President and CEO
Serving as CEO from 2014 to 2020, he successfully navigated severe geopolitical tensions (like the THAAD missile crisis in China that crushed sales) while heavily upgrading Kia's global brand perception.
Source - Ho Sung Song2020–present
President and Chief Executive Officer
Revenue grew from about $41.9 billion (KRW 59 trillion) in 2020 to ~$81 billion (KRW 114.1 trillion) in 2025, and the operating margin peaked at 11.8% in 2024 before tariffs cut it to 8.0% in 2025.
Source
Target
- Robert J. Ulrich1994–2008
Chairman and CEO
Under Ulrich Target grew into the second-largest US discount retailer, built its design-partnership model with designers such as Michael Graves, and added the Super Target format. He retired as chief executive in 2008 and was succeeded by Gregg Steinhafel.
Source - Gregg Steinhafel2008–2014
Chairman, President and CEO
Steinhafel resigned in May 2014 after the data breach and the poor results of Target Canada, which the company closed in 2015 after losses. Brian Cornell succeeded him later in 2014.
Source - Brian Cornell2014–2026
Former Chairman and CEO
Cornell's tenure ended amid a stock and sales slump, with revenue declining for three consecutive fiscal years (from $107.412 billion in FY2023 to $104.780 billion in FY2025) even as the omnichannel infrastructure he built began paying off in the following qua…
Source - Michael Fiddelke2026–present
Chief Executive Officer
Fiddelke inherited a company coming off three straight years of revenue decline. His first two quarters as CEO delivered growth: Q1 FY2026 net sales rose 6.7% and Q2 FY2026 net sales rose 5.3% to $26.5 billion, with comparable traffic up 3.6%.
Source
Timeline: Kia and Target side by side
1902Target
Dayton Company is founded
George Dayton becomes a partner in Goodfellow's Dry Goods Company in Minneapolis in 1902, then sole owner in 1903, renaming it Dayton Dry Goods Company -- the business that eventually becomes Target Corporation.
1944Kia
Founding of Kyungsung Precision Industry
Kim Chul-ho establishes a modest workshop in Seoul dedicated to the manufacturing of steel tubes and bicycle parts, laying the humble groundwork for what would eventually become a global automotive leader and a vital contributor to South Korea's post-war indus…
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
1974Kia
Launch of the Brisa, Kia's First Passenger Car
Kia launched the Brisa, its first passenger car, built at the Sohari plant that opened in 1973. Kia had built motorcycles and light trucks before this, and the Brisa made it a carmaker.
1986Kia
Launch of the Pride and Global Export Expansion
Through a partnership with Ford and Mazda, Kia returned to passenger cars with the Pride. Abroad it was sold as the Ford Festiva, and it gave Kia its first large export volumes.
1998Kia
Hyundai Motor Acquires Kia
After Kia collapsed in the 1997 Asian financial crisis and went into court receivership, Hyundai Motor won the 1998 auction for it, beating Ford among other bidders. Kia stayed a separate brand within the new Hyundai Motor Group.
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
2006Kia
Recruitment of Peter Schreyer
The enterprise makes the radical decision to hire former Audi design chief Peter Schreyer as its head of design, initiating a profound aesthetic revolution that introduces the well-known tiger-nose grille and elevates the brand from a budget alternative to a p…
2011Kia
Launch of the Optima and the Design Renaissance
The Schreyer-designed Optima (K5) sedan brought Kia's new design language to a wide audience and helped it charge more and reach new buyers.
2013Target
Target Data Breach
Target discloses a data breach affecting more than 40 million customer payment cards during the holiday shopping season, becoming one of the most-cited cybersecurity failures in US retail history.
2014Target
Dermstore Acquired
Target acquires online beauty retailer Dermstore to expand its e-commerce beauty business; it sells the unit to THG for $350 million in 2021.
2015Target
Target Exits Canada
Target announced in January 2015 that it would close all of its Canadian stores, ending an expansion that began in 2013.
2017Target
Target acquires Shipt and Grand Junction
Target acquires same-day delivery platform Shipt for about $550 million and transportation-technology startup Grand Junction, accelerating omnichannel fulfillment.
2020Kia
Announcement of the 'Plan S' Strategy
Kia announced Plan S, its mid- to long-term strategy to move from a combustion-focused carmaker toward EVs, purpose-built vehicles and mobility services. In January 2021 it renamed itself Kia Corporation.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
2021Kia
Launch of the EV6 and the E-GMP Platform
The company introduces the award-winning EV6, the first dedicated electric vehicle built on the modular E-GMP platform, showcasing ultra-fast 800-volt charging capabilities and groundbreaking design, instantly establishing the enterprise as a serious technolog…
2023Kia
EV9 Launch
Kia launched the EV9, a three-row electric SUV on the E-GMP platform, which went on to win the 2024 World Car of the Year award.
2025Kia
FY2025 Revenue Reaches KRW 114.141 Trillion
Kia sold a record 3,135,873 vehicles and reported FY2025 revenue of ~$81 billion (KRW 114.1 trillion) (+6.2%). Operating profit fell 28.3% to ~$6.45 billion (KRW 9.08 trillion) as US tariffs cost more than $2.13 billion (KRW 3 trillion).
2025Target
Michael Fiddelke named next CEO
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026, after 22 years rising through the company including as CFO and COO.
2026Kia
2030 Targets Set at CEO Investor Day
At its April 2026 CEO Investor Day, Kia set 2030 targets of ~$121 billion (KRW 170 trillion) in revenue, a 10% operating margin and 4.13 million sales. Q2 2026 revenue was a record ~$23.5 billion (KRW 33.04 trillion).
2026Target
FY2025 revenue is reported
Target reports FY2025 revenue of $104.780B and net income of $3.705B, the third consecutive year of revenue decline.
2026Target
Q1 FY2026 sales rebound
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6% under new CEO Michael Fiddelke.
2026Target
Q2 FY2026 growth and raised outlook
Target reports Q2 FY2026 net sales of $26.5B (+5.3%), comparable sales growth of 3.8% and raises full-year guidance to about 5% sales growth.
Acquisitions
Kia
- Takeover by Hyundai Motor (Kia acquired)1998Undisclosed
- Asia Motors1976Undisclosed
Questions about Kia vs Target
Who is the CEO of Kia Corporation and Target Corporation?
Kia Corporation is led by Ho Sung Song and Target Corporation is led by Michael Fiddelke. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Kia Corporation founded vs Target Corporation?
Target Corporation was founded in 1902 — 42 years before Kia Corporation, which was founded in 1944. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Kia Corporation.
How many employees does Kia Corporation have compared to Target Corporation?
Kia Corporation employs approximately 53,200 people, while Target Corporation employs approximately 415,000. Target Corporation has the larger workforce at 415,000 employees, compared to Kia Corporation's 53,200. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Kia Corporation and Target Corporation headquartered?
Kia Corporation is headquartered in South Korea and Target Corporation is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Kia Corporation and Target Corporation?
Kia Corporation was founded by Kim Chul-ho. Target Corporation was founded by George Dayton.
Which company has a longer operating history — Kia Corporation or Target Corporation?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. Kia Corporation has been in operation for around 82 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Kia vs Target overview