[Special Stock] Hyundai Motor Group Shares Rise on Eased Tariff Concerns Following $31 Trillion US Investment

Hyundai Motor Group shares are rising as the group announced a $31 trillion KRW-scale investment plan in the United States over the next four years.

As of 9:12 a.m. on the 25th, Hyundai Motor is trading at 223,500 KRW, up 10,500 KRW (4.93%) from the previous day. Kia is up 2.94%, and Hyundai Mobis is up 1.79%. Hyundai Mobis reached an intraday high of 289,000 KRW, marking a 52-week high.

On the 24th (local time), Chung Euisun, Chairman of Hyundai Motor Group, announced a new investment plan involving $21 billion (approximately 31 trillion KRW) over the next four years, including the establishment of a steel plant in Louisiana, at the White House in the United States. Chairman Chung described it as "the largest investment since we entered the U.S. market." In response, U.S. President Donald Trump said, "Hyundai produces steel and automobiles in the U.S., so they do not have to pay tariffs as a result."