[Featured Stock] Hyundai Motor Surges Over 5% on News of Surpassing 100 Trillion KRW in Sales Last Year

[Asia Economy Reporter Koo Eun-mo] Hyundai Motor Company is showing strength, rising more than 5%. The news that it surpassed 100 trillion won in sales for the first time in history seems to be influencing this trend.

As of 2:12 PM on the 22nd, Hyundai Motor was trading at 123,000 won, up 5.13% (6,000 won) compared to the previous trading day.

On this day, Hyundai Motor announced through a disclosure that its consolidated sales based on last year's financial statements reached 105.79 trillion won, an increase of 9.3% compared to the previous year. Last year's operating profit increased by 52.2% to 3.6847 trillion won, and net profit also rose by 98.5% to 3.2648 trillion won.

Hyundai Motor explained the background of the strong performance by stating, "Last year, sales of the high-end Genesis brand and large sport utility vehicles (SUVs) increased, leading to growth in both sales and profitability."