Hyundai Motor Expresses Gratitude to the Lee Jae-myung Government!
Hyundai Motor Group welcomed the agreement reached between South Korea and the United States on tariff negotiations on the 29th, reducing car tariffs from 25% to 15%, and thanked the government for its selfless efforts.
The group expressed its gratitude to the Lee Jae-myung government for the difficult negotiation process, from reaching a compromise to making every effort. Hyundai Motor pledged that in the future, it will promote a variety of development plans to minimize the impact of tariffs, while further strengthening its internal capabilities through improving quality and brand competitiveness, technological innovation, and so on.
Due to the conclusion of this trade agreement, the tax burden for Hyundai Motor exporting finished vehicles to the U.S. market is expected to be significantly reduced. With the tariff lowered to 15%, the same level as Japan and Europe, price competitiveness is restored, and it is expected to have a positive impact on expanding sales.
Original: www.toutiao.com/article/1847323068841996/
Statement: This article represents the views of the author himself.