# Who are Hyundai Wia's customers? Who does Hyundai Wia earn revenue from?
Canonical: https://valuechain.wiki/hyundai-wia · Facet: customers · Updated: 2026-11-01T17:23:00.426+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Hyundai Wia's confirmed revenue counterparties include Kia, Hyundai Motor Company, Hyundai Transys plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 6 revenue edges, backed by 13 dated sources, 3 of them primary filings (as of 2026-11-01).

### 모빌리티 고객 (엔진·모듈·열관리) (high)
- metric: Amount ₩2.3T · Q3 2026 · Quarterly mobility-segment revenue
- note: Q3 2026 mobility revenue rose 15.1% to KRW 2.2884tn. Module revenue increased 18%, while thermal-management revenue jumped 160% on higher HVAC volume. Customer-level amounts were not disclosed.
- [confirms] Hyundai Wia (KO, ir, published 2026-10-30) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2152&flag=1&tableName=RE_WIA_BIZ_NEWS: "Q3 2026 mobility revenue was KRW 2.2884tn (+15.1%); module revenue rose 18% and thermal-management revenue rose 160%."
- [confirms] Seoul Economic Daily (EN, news, published 2026-10-30) https://en.sedaily.com/finance/2026/10/30/hyundai-wia-q3-operating-profit-rises-55-percent-as-thermal: "Hyundai Wia reported Q3 revenue of KRW 2.459tn and operating profit of KRW 54.7bn; thermal-management revenue rose 160% year on year."

### 기아 (high)  → /kia.md
- metric: Amount ₩2.1T · H1 2026 · Consolidated related-party sales to Kia
- note: H1 2026 consolidated related-party sales were KRW 2.148 trillion. Hyundai Wia also mass-supplies internally developed thermal-management components for Kia’s PV5.
- [confirms] Hyundai Wia (KO, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_Ko.pdf: "Hyundai Wia developed the HVAC, cooling module and electric compressor for the integrated thermal-management system supplied to Kia PV5, reaching 100 days of mass production in December 2025."
- [confirms] Hyundai Wia (EN, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_EN.pdf: "For the integrated thermal management system supplied to Kia’s PV5, Hyundai Wia independently developed the HVAC, cooling module and electric compressor, then marked 100 days of mass production in December 2025."
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."

### 현대차 (high)  → /hyundai-motor-company.md
- metric: Amount ₩353.9B · H1 2026 · Consolidated related-party sales to Hyundai Motor
- note: Supplies engines, driveline systems and CV joints to Hyundai Motor. H1 2026 consolidated related-party sales were KRW 353.9 billion.
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."

### 현대트랜시스 (high)  → /hyundai-transys.md
- metric: Amount ₩11.1B · H1 2026 · Hyundai Wia consolidated sales to Hyundai Transys
- note: H1 2026 consolidated sales to Hyundai Transys were KRW 11.109bn.
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 consolidated sales to Hyundai Transys were KRW 11.109bn."

### 한화에어로스페이스 (high)  → /hanwha-aerospace.md
- metric: component 155 mm · K9 production · K9 howitzer gun-barrel caliber
- note: Sole-supplies 155 mm gun barrels for Hanwha Aerospace's K9 howitzer, linking K9 export growth to barrel volumes.
- [confirms] Hyundai Wia (KO, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_Ko.pdf: "Hyundai Wia produces key components for land weapon systems including the K2 tank and K9 howitzer."
- [confirms] Hyundai Wia (EN, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_EN.pdf: "HYUNDAI WIA produces core components for land-based weapon systems, including the K2 main battle tank and K9 self-propelled howitzer."
- [mentions] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."
- [confirms] Samsung Securities (KO, research, published 2026-03-06) https://www.samsungpop.com/common.do?cmd=down&contentType=application%2Fpdf&fileName=2010%2F2026030615573952K_02_05.pdf&inlineYn=Y&saveKey=research.pdf: "Hyundai Wia is the sole gun-barrel supplier for K2 tanks and K9 howitzers, with volume rising alongside customer exports."
- [confirms] The Asia Business Daily (EN, news, published 2025-08-13) https://www.asiae.co.kr/en/article/2025081310245914855: "As exports of K2 tanks and K9 howitzers to Poland increased, demand rose for gun barrels and weapon assemblies supplied by Hyundai Wia."
- [confirms] Hyundai Wia (KO, ir, published 2025-06-30) https://www.hyundai-wia.com/upload/download/2025_Sustainability_Ko.pdf: "Hyundai Wia manufactures land weapon systems including the main armaments for the K2 tank and K9 howitzer."
- [confirms] Hyundai Wia (EN, ir, published 2025-06-30) https://en.hyundai-wia.com/upload/download/2025_Sustainability_En_3.0.pdf: "HYUNDAI WIA manufactures a wide range of land-based weapon systems, including the main armaments for the K2 main battle tank and K9 self-propelled howitzer."

### 현대로템 (high)  → /hyundai-rotem-company.md
- metric: component 120 mm · K2 production · K2 tank main-gun caliber
- note: Hyundai Wia supplies the 120mm K2 main gun to Hyundai Rotem. On 19 October 2026 Hyundai Wia agreed to transfer its defense division to Hyundai Rotem for KRW 358.386bn. Closing is targeted for 31 March 2027, subject to the 27 November shareholder vote and other conditions. The unit had KRW 393.1bn of 2025 sales, 4.6% of Wia’s total. The existing K2 main-gun supply relationship remains current until closing.
- [mentions] iM Securities (KO, research, published 2026-10-20) https://imfnsec.tistory.com/136: "iM Securities confirms that the Wia division supplies K2 and K9 barrels plus RCWS and CIWS products, with closing targeted for March 31, 2027."
- [confirms] Financial Supervisory Service DART (KO, filing, published 2026-10-19) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20261019800137: "Hyundai Wia agreed to transfer its entire defense division to Hyundai Rotem for KRW 358.386bn; closing is planned for 31 March 2027, subject to a 27 November shareholder vote."
- [confirms] Financial Supervisory Service DART (KO, filing, published 2026-10-19) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20261019800139: "Hyundai Rotem decided to acquire Hyundai Wia’s defense operations, assets and liabilities for KRW 358.386bn, with planned closing on 31 March 2027."
- [confirms] The Korea Times (EN, news, published 2026-10-19) https://www.koreatimes.co.kr/business/companies/20261019/hyundai-rotem-acquires-wias-defense-biz-as-group-reorganizes-portfolio: "Hyundai Rotem agreed to acquire Hyundai Wia’s gun-barrel business for K2 tanks and K9 howitzers, with closing planned by 31 March 2027."
- [confirms] Hyundai Wia (KO, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_Ko.pdf: "Hyundai Wia produces key components for land weapon systems including the K2 tank and K9 howitzer."
- [confirms] Hyundai Wia (EN, ir, published 2026-08-18) https://en.hyundai-wia.com/upload/download/Hyundai_WIA_SR_2026_EN.pdf: "HYUNDAI WIA produces core components for land-based weapon systems, including the K2 main battle tank and K9 self-propelled howitzer."
- [mentions] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."
- [confirms] Samsung Securities (KO, research, published 2026-03-06) https://www.samsungpop.com/common.do?cmd=down&contentType=application%2Fpdf&fileName=2010%2F2026030615573952K_02_05.pdf&inlineYn=Y&saveKey=research.pdf: "Hyundai Wia is the sole gun-barrel supplier for K2 tanks and K9 howitzers, with volume rising alongside customer exports."
- [confirms] The Asia Business Daily (EN, news, published 2025-08-13) https://www.asiae.co.kr/en/article/2025081310245914855: "As exports of K2 tanks and K9 howitzers to Poland increased, demand rose for gun barrels and weapon assemblies supplied by Hyundai Wia."
- [confirms] Hyundai Wia (KO, ir, published 2025-06-30) https://www.hyundai-wia.com/upload/download/2025_Sustainability_Ko.pdf: "Hyundai Wia manufactures land weapon systems including the main armaments for the K2 tank and K9 howitzer."
- [confirms] Hyundai Wia (EN, ir, published 2025-06-30) https://en.hyundai-wia.com/upload/download/2025_Sustainability_En_3.0.pdf: "HYUNDAI WIA manufactures a wide range of land-based weapon systems, including the main armaments for the K2 main battle tank and K9 self-propelled howitzer."

### 현대차 (high)  → /hyundai-motor-company.md
- metric: Market share 25.35% · 2026-06-30 · Stake in Hyundai Wia common shares
- note: Hyundai Motor is the largest shareholder with 6,893,596 common shares, or 25.35%.
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."
- [confirms] Hyundai Motor Company (EN, filing, published 2026-03-18) https://www.hyundai.com/content/dam/hyundai/ww/en/images/company/investor-relations/financial-Information/report-en/2025/2025-q4-consolidated-audit-report-en.pdf: "Hyundai Motor reports a 25.35% ownership interest in Hyundai Wia."
- [confirms] Samsung Securities (KO, research, published 2026-03-06) https://www.samsungpop.com/common.do?cmd=down&contentType=application%2Fpdf&fileName=2010%2F2026030615573952K_02_05.pdf&inlineYn=Y&saveKey=research.pdf: "Hyundai Wia is the sole gun-barrel supplier for K2 tanks and K9 howitzers, with volume rising alongside customer exports."

Reverse side: https://valuechain.wiki/hyundai-wia/suppliers.md · Ripple: https://valuechain.wiki/hyundai-wia/ripple.md

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Full node: https://valuechain.wiki/hyundai-wia.md · JSON: https://valuechain.wiki/hyundai-wia.json