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Hyundai, Kia Shift U.S. Tariff Burden to Parts Makers

As Hyundai Motor and Kia’s cash reserves shrink rapidly in the aftermath of the U.S. tariff bomb, analysis has emerged that the tariff burden previously absorbed by the automakers could be transferred…

  • Hyundai and Kia shift U.S. tariff burden to domestic auto parts suppliers.
  • Tariff costs recognized by automakers in 2023 amounted to 10 trillion won.
  • Domestic auto parts industry faces concentration risk due to Hyundai's market dominance.

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