[Special Report] Trump Indicates Auto Tariff Suspension... Korean Auto Stocks on the Rise

U.S. President Donald Trump hinted at a tariff exemption on the automotive industry, leading to a rise in domestic automobile-related stocks.

As of 9:15 a.m. on the 15th, Hyundai Motor Company recorded 183,950 KRW, up 4,650 KRW (2.59%) from the previous trading day. Kia is trading at 85,300 KRW, up 2.77%. Hyundai Wia (3.66%), HL Mando (3.54%), Hyundai Mobis (3.40%), and Hanon Systems (2.26%) are also showing a collective upward trend.

On the 14th (local time), President Trump said regarding a temporary tariff exemption, "We are considering something to help some automobile companies."

During a meeting with Nayib Bukele, President of El Salvador, in the White House Oval Office, when asked if there are specific items under consideration for a temporary tariff exemption, he stated, "(Automobile companies) are shifting production to make parts here that were previously produced in Canada and Mexico," adding, "However, they need a little more time."

Earlier, the Trump administration imposed a 25% tariff on automobiles starting from the 3rd. Tariffs on key automotive parts such as engines, transmissions, and powertrains are scheduled to take effect before the 3rd of next month.