South Korea’s tariff-hit auto sector gets $2B boost; Hyundai, Kia to benefit

Hyundai Ioniq 5 Robotaxi — Hyundai's Ioniq 5 robotaxi undergoing tests. The automaker will get tax incentives to further develop self-driving technology. (HYUNDAI)

April 09, 2025 08:01 AM

South Korea unveiled a package of emergency funding worth 3 trillion won ($2 billion) for its automobile industry to soften the blow from President Donald Trump’s tariffs.

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