[Concall] HD Hyundai "Holding Brand Royalties 15 Billion KRW in H1"

On the 25th, during the Q2 earnings conference call, HD Hyundai stated, "The holding company's revenue is about 28.2 billion KRW, and we understand that rental income and brand royalties are received quarterly. Approximately how much is that?" They responded, "Rental income is about 60 billion KRW annually, which amounts to roughly 15 billion KRW per quarter," adding, "The rest comes from brand fees and shared service income from some affiliates." They continued, "Brand fees can be verified through publicly disclosed data," and noted, "Brand fees fluctuate depending on sales, so I don't recall the exact amount, but it is about 15 billion KRW through the first half of the year."

HD Hyundai Headquarters, Seongnam-si, Gyeonggi Province
Photo by HD Hyundai