[Market Focus] Hyundai Motor Rises 5% on Brokerage Optimism Over Robotics

The share price of Hyundai Motor Company is on the rise, reflecting the value of Boston Dynamics, a robotics company affiliated with Hyundai Motor Group.

As of 9:27 a.m. on January 29, shares were trading at 516,000 won, up 23,500 won (4.7%) from the previous trading day.

On this day, Kim Changho and Jeon Yuna, researchers at Korea Investment & Securities, stated in a report, "We maintain our buy rating and raise our target price by 59% from 440,000 won to 700,000 won." They explained that, until Boston Dynamics is listed, owning Hyundai Motor Company is virtually the only way to invest in it, and that the value of Boston Dynamics' stake has not yet been fully reflected in Hyundai Motor Company's share price.