Hyundai Motor warns of increased US tariff pressure on South Korean autos after court ruling

Hyundai warns that US tariff pressure on autos may rise despite a court ruling. President Sung Kim urged Seoul to pass an investment bill to protect the sector.

洞察:
Sung Kim, President of Hyundai Motor Company , warned on Tuesday that tariff pressure from the United States USUS may intensify following a pivotal legal development. Kim urged the South Korea KRKR government to swiftly pass legislation that would enable a $350 billion U.S. investment package, arguing that rapid legislative action is necessary to protect the domestic industry from shifting American trade policies. The announcement comes as policymakers, including Park Soo-young, face pressure to respond to the evolving trade landscape.
FILE PHOTO: The logo of South Korea's biggest automaker Hyundai Motor is pictured at Pyeongtaek port in Pyeongtaek, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO: The logo of South Korea's biggest automaker Hyundai Motor is pictured at Pyeongtaek port in Pyeongtaek, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo
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