[Featured Stock] '80% US Sales' Jinus Down 20% Due to Tariff Impact

The stock price of Zinus, a mattress and furniture subsidiary of Hyundai Department Store, is plummeting. This is due to the 'tariff bomb' from the Trump administration in the United States.

As of 10:47 AM on the 3rd, Zinus is trading at 17,270 KRW, down 4,330 KRW (-20.05%) compared to the previous trading day.

The sharp drop in stock price on this day is interpreted as a result of U.S. President Donald Trump's official announcement on the 2nd (local time) that a 25% reciprocal tariff will be imposed on products produced in Korea and imported into the United States.

Tariffs ranging from 25% to 49% were also imposed on other countries, with the 32% tariff imposed on Indonesia appearing to have driven the stock price decline.

Zinus's Indonesian factory is the largest production facility. The mattresses produced there account for the majority of the U.S. supply. Since being acquired by Hyundai Department Store Group, Zinus has been expanding its global export markets, but the proportion of sales in the U.S. market remains high at ▲83.2% in 2022 ▲82.2% in 2023 ▲79% in 2024.