[Featured Stocks] Hyundai Mobis and Hyundai Glovis Expect Value-Up Including Shareholder Returns... Up Over 8%

On the 16th, in the stock market, major Hyundai Motor Group affiliates such as Hyundai Mobis and Hyundai Glovis showed a significant rise in their stock prices. This is interpreted as reflecting expectations that these two affiliates will also substantially increase their shareholder return rates following Hyundai Motor.

At 2:10 PM that day, Hyundai Mobis was trading at 24,200 KRW, up 8.04% from the previous day's closing price. The logistics affiliate Hyundai Glovis also recorded 125,000 KRW, up 8.50%. Both companies' stock prices started rising early in the session and continued to expand their gains throughout the trading day.

Hyundai Mobis is expected to present mid- to long-term corporate value enhancement plans at the upcoming ‘CEO Investor Day’ event next month. In April, June, and August, Kia, Hyundai Glovis, and Hyundai Motor respectively held CEO Investor Days, announcing value-up plans such as raising shareholder return rates.

Additionally, news was delivered about the establishment of the first PE (Power Electric) system factory in Europe. Hyundai Mobis announced that it signed an investment agreement with the local government for the construction of a new factory in the Novaky region of Slovakia. The PE system refers to an electrified drive unit integrating electric motors, inverters, and reducers related to electric vehicles (EVs).

Hyundai Glovis is also expected to benefit. With Hyundai Mobis entering the European electric vehicle core parts production factory, expectations are growing that the volume of finished vehicle-related logistics will increase.