1999 KIA Sephia code P0732

I'm getting this code 'P0732, Gear 2 Incorrect ratio'. Is this referring to a transmission problem?

Yes, it indicates a transmission issue. I'd check transmission fluid first to make sure it is full and the color is clear/red-magenta. Could maybe indicate a solenoid that is stuck or malfunctioning? Not sure if that is the code you would get... but if that were the case, there should be some surging or missed/wrong gears or maybe wrong shift times.

Ok thanks. I'm going to look into that for sure. Actually it was P0734 but same thing.