[Market Focus] U.S. Announces '15% Auto Tariff'... Hyundai Motor, Hyundai Mobis Shares Rise

The share prices of automobile-related stocks within Hyundai Motor Group, including Hyundai Motor Company and Hyundai Mobis, are rising on the Korean stock market on the morning of December 4. This comes in the wake of an announcement posted on the U.S. Federal Register online overnight, stating that the tariff rate on Korean-made automobiles will be retroactively reduced to 15%.

As of 9:29 a.m. on this day, Hyundai Motor Company is trading at 272,000 won per share, up 2.06% from the previous session. With the uncertainty over automobile tariffs resolved, not only Hyundai Motor Company but also other related stocks in the group, such as Hyundai Mobis and Hyundai Glovis, are showing strong gains of 4-5%. Hyundai AutoEver has soared more than 13%, further boosted by news that the Donald Trump administration in the United States will strongly support the robotics industry.

The 15% U.S. tariff on Korean automobiles, which takes effect on December 4 local time, will be retroactively applied to automobiles and auto parts imported for consumption or withdrawn from warehouses for consumption purposes since November 1. The market views the conclusion of the Korea-U.S. tariff negotiations, which began in April, as resolving the related uncertainty.

Hyundai Motor Group stated, "We plan to further strengthen our global competitiveness by pursuing various measures to minimize the impact of tariffs, while also enhancing quality, increasing brand value, and driving technological innovation."

This content was produced with the assistance of AI translation services.