Hyundai Motor and Hyundai Motor Securities Purchase 30 Billion KRW MMT

[Asia Economy Reporter Kang Nahum] Hyundai Motor Company announced on the 23rd that it purchased other marketable securities (MMT) worth 30 billion KRW from its special affiliate Hyundai Motor Securities.

The cumulative transaction amount between Hyundai Motor Company and Hyundai Motor Securities is 1.335 trillion KRW. The transaction maturity date is December 1, 2022.

The company stated that the purpose of the transaction is "for stable fund management and profitability enhancement."