Hyundai Motor Group prioritizes stability, avoiding year-end reshuffle

Hyundai Motor Group is prioritizing continuity and stability over change, avoiding a year-end reshuffle of top management as it pursues steady business growth. The Korean carmaker has borne the brunt of a 25 percent auto tariff in the U.S. for almost half a year. Even after Korea and the U.S. agreed to reduce the figure to 15 percent, the carmaker is still on high alert, due to unpredictable trade policies from the Donald Trump administration. Late last year, Hyundai Motor appointed two top executives — CEO Jose Munoz and President Sung Kim. The decision was aimed at preemptively addressing mounting U.S. tariff risks, and was the first time that Hyundai Motor appointed a foreign CEO. As the carmaker consistently realigns its business strategy in response to ongoing changes in its largest export market, there is a broad expectation that Munoz's term will be extended, recognizing his skill in driving sales growth even in the face of the tariff shocks. His current term ends in March 2026. Hyundai Motor reported accumulated sales of 139.4 trillion won ($95.6 billion) in the first three quaWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times