The Hyundai Kia Automotive Group (Korean: 현대-기아 자동차 그룹) is South Korea's largest automobile manufacturer, the second largest automaker in Asia after Toyota and the world's fourth largest automaker after Toyota, GM, and Volkswagen and as of the end of 2010. The group was formed through the purchase of 51% (currently 34.58%) of South Korea's second-largest car company, Kia Motors, by Hyundai Motor Company in 1998.