[Special Stocks] Hyundai Motor and Kia Rise on Possibility of US Mutual Tariff Exemption

The stock prices of Hyundai Motor Company and Kia are showing strength on the 13th following news that automobiles may be excluded from the reciprocal tariff list imposed by the Donald Trump administration in the United States.

According to the Korea Exchange, as of 9:28 a.m. on that day, Hyundai Motor was trading at 204,500 KRW per share, up 3.23% from the previous close. Kia also recorded a 2.62% increase, trading at 94,100 KRW. This represents the most notable rise among the top 10 KOSPI market capitalization stocks on that day.

Hyundai Motor and Kia had shown weakness due to concerns over tariff imposition since the inauguration of the Trump administration. However, on the 12th (local time), news reports conveyed that Mike Johnson, a Republican member of the U.S. House of Representatives, stated that automobiles and pharmaceuticals could be excluded from reciprocal tariff measures, leading to a bullish turn in stock prices that day.

According to foreign media reports, President Trump said during a meeting with Republican House members on the 6th that he is considering exempting reciprocal tariffs in four sectors, including automobiles and pharmaceuticals.