[Market Focus] Hyundai Motor Surges for Fourth Day on Resolved Tariff Uncertainties, Hits Record High

With the resolution of tariff uncertainties, Hyundai Motor has continued its upward trend for the fourth consecutive day, hitting a new 52-week intraday high.

As of 10:18 a.m. on December 5, Hyundai Motor was trading at 302,500 won on the Korea Exchange, up 19,000 won (6.70%) from the previous day. During the session, the stock climbed as high as 304,750 won, once again setting a new 52-week high.

The resolution of tariff uncertainties appears to be driving the stock price higher. The 15% U.S. tariff on Korean automobiles, which took effect on December 4 (local time), is being applied retroactively to vehicles and auto parts imported for consumer use or released from warehouses for consumer use since November 1.