Corporate Logo(source: hyundai.com)
Shares of Hyundai Motor Company(005380) and Kia(000270) showed strong gains on March 24. The increase came as speculation grew that certain items, including automobiles, may be exempted from the tariffs set to take effect on April 2 under the Trump administration's trade measures.
As of 2:54 PM, Hyundai Motor Company's stock was trading 4% higher at 213,500 won on the KOSPI. At the same time, Kia and Hyundai Mobis(012330) also saw gains of more than 3% and 4%, respectively.
According to the Wall Street Journal(WSJ), there is a growing possibility that automobiles, semiconductors, and pharmaceuticals could be excluded from the tariffs next month. Concerns have arisen that US automakers such as General Motors(GM) and Ford, which rely heavily on production in Mexico or South Korea, could be hit harder by the tariffs.
Lim Eun-young, an analyst at Samsung Securities, stated, “The concerns over the tariff war have particularly focused on the South Korean auto industry. The possibility of tariff exemptions has led to a strong recovery in the stock prices of Hyundai Motor, Kia, and the broader sector."
Lim also pointed out that with the removal of tariff concerns, there are several potential drivers for stock price growth, including Hyundai Motor's joint production models with GM, Kia's upcoming Investor Day, advancements in robotics technology, and collaboration with Japan's Toyota.
*[KOSPI]Hyundai Motor Company(005380) is a leading domestic automobile manufacturer with a lineup of Genesis, Kona, and Palisade, etc. The market capitalization is 42 trillion 930.3 billion won(as of March 21, 2025, closing price).
*[KOSPI]Kia(000270) is a leading domestic automobile manufacturer, with a diverse lineup including Morning, Stinger, K9, Sorento, and EV9, and is expanding its Purpose-Based Mobility(PBV) and service businesses aiming to provide sustainable mobility solutions. The market capitalization is 38 trillion 57.3 billion won(as of March 21, 2025, closing price).
*[KOSPI]Hyundai Mobis(012330) is a subsidiary of the Hyundai Motor Group, engaged in the manufacture of automotive modules and parts and parts for after-sales service. Market capitalization is 24 trillion 783.2 billion won(as of March 21, 2025, closing price).
Corporate Logo(source: hyundai.com)
Shares of Hyundai Motor Company(005380) and Kia(000270) showed strong gains on March 24. The increase came as speculation grew that certain items, including automobiles, may be exempted from the tariffs set to take effect on April 2 under the Trump administration's trade measures.
As of 2:54 PM, Hyundai Motor Company's stock was trading 4% higher at 213,500 won on the KOSPI. At the same time, Kia and Hyundai Mobis(012330) also saw gains of more than 3% and 4%, respectively.
According to the Wall Street Journal(WSJ), there is a growing possibility that automobiles, semiconductors, and pharmaceuticals could be excluded from the tariffs next month. Concerns have arisen that US automakers such as General Motors(GM) and Ford, which rely heavily on production in Mexico or South Korea, could be hit harder by the tariffs.
Lim Eun-young, an analyst at Samsung Securities, stated, “The concerns over the tariff war have particularly focused on the South Korean auto industry. The possibility of tariff exemptions has led to a strong recovery in the stock prices of Hyundai Motor, Kia, and the broader sector."
Lim also pointed out that with the removal of tariff concerns, there are several potential drivers for stock price growth, including Hyundai Motor's joint production models with GM, Kia's upcoming Investor Day, advancements in robotics technology, and collaboration with Japan's Toyota.
*[KOSPI]Hyundai Motor Company(005380) is a leading domestic automobile manufacturer with a lineup of Genesis, Kona, and Palisade, etc. The market capitalization is 42 trillion 930.3 billion won(as of March 21, 2025, closing price).
*[KOSPI]Kia(000270) is a leading domestic automobile manufacturer, with a diverse lineup including Morning, Stinger, K9, Sorento, and EV9, and is expanding its Purpose-Based Mobility(PBV) and service businesses aiming to provide sustainable mobility solutions. The market capitalization is 38 trillion 57.3 billion won(as of March 21, 2025, closing price).
*[KOSPI]Hyundai Mobis(012330) is a subsidiary of the Hyundai Motor Group, engaged in the manufacture of automotive modules and parts and parts for after-sales service. Market capitalization is 24 trillion 783.2 billion won(as of March 21, 2025, closing price).