"Performance" Hyundai Motor's operating profit fell 19.5% year-on-year last year, affected by the increased tariffs in the United States

Hyundai Motor achieved a record high in sales last year, but operating profit fell by 19.5% year-on-year to 11.4679 trillion Korean won (approximately 8.03 billion USD), mainly due to the U.S. imposing tariffs on South Korean automobiles.

Last year, Hyundai Motor's sales grew by 6.3% year-on-year to 186.3 trillion Korean won, setting a new record. However, the tariff costs borne by the company last year reached 4.11 trillion Korean won, and when combined with its affiliate Kia Motors, the total amounted to 7.2 trillion Korean won