Overview

• Hyundai Motor’s Q2 operating profit fell 16% to 3.6 trillion won, with the 25% US tariff slicing 828 billion won from earnings.
• Kia’s operating profit dropped 24.1% to 2.76 trillion won as higher incentives and the import levy reduced quarterly earnings by about 786 billion won.
• Hyundai Mobis recorded a 6.3% decline in net profit to 934.4 billion won due to reduced equity gains, even as operating profit rose 36.8% on stronger high-end parts sales.
• Hyundai Steel bucked the trend with net profit soaring to 37.4 billion won, driven by increased automotive steel shipments to captive Hyundai Motor and Kia affiliates.
• South Korea’s finance ministry has rescheduled talks with Washington to pursue reciprocal tariff cuts by the August 1 deadline following a US–Japan agreement.