[Market Feature] Hyundai Motor Touches 500,000 Won Intraday

Hyundai Motor rebounded in just one day, surpassing 500,000 won during intraday trading.

As of 9:30 a.m. on January 21, Hyundai Motor was trading at 503,000 won on the Korea Exchange, up 24,000 won (5.01%) from the previous day. The stock climbed as high as 504,000 won during the session, setting a new all-time high.

Hyundai Motor, which has recently seen a sharp rise in its stock price due to optimism over robotics, fell by more than 2% the previous day but managed to rebound in just one day.

On this day, KB Securities raised its target price for Hyundai Motor to 800,000 won, a 158% increase from the previous target, reflecting expectations for robotics. Kang Sungjin, a researcher at KB Securities, stated, "This is because Boston Dynamics is expected to become a decisive turning point for Hyundai Motor's productivity innovation." He added, "The target price of 800,000 won reflects a market capitalization of 164 trillion won, which includes an indirect stake value of 35 trillion won in Boston Dynamics, 69 trillion won for the existing automotive business, and 60 trillion won for the expansion value of the autonomous driving foundry business utilizing humanoids."