2001 KIA Sephia 1.8L squeals on start and take off w power loss until...

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...squealing stops after being driven a? My car squeals on start up from under the hood and continues to squeal until it has been driven a short distance, usually just a couple blocks. Once you take off there is a noticeable loss of power in the car until the squealing noise has stopped. I have no idea what could be wrong, though, I suspect a belt from the squealing noise and I'm, concerned that it could be the timing belt so I've stopped driving the vehicle just in case because I don't want to have to replace the valves if it were to break. I'm really unfamiliar with auto mechanics and would appreciate some advice if someone could help.

I sincerely thank you...
 
it's a 2001 Kia, which is a lower-level Hyundai, and 8 years ago Hyundai's were still awful, take it to the salvage yard and save yourself the heartache, Ex-Hyundai-Kia mechanic
 
sounds like serpentine belt is slipping, maybe tension-er is not working properly or you are high reving the engine?
 
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