“Hyundai and Kia to Offer Preferential Financing to Partners Hit by Tariffs”

[KBS Ulsan] Hyundai and Kia partner companies, facing management difficulties due to the U.S. imposing a 25% tariff on automobiles and parts, will receive preferential financial support totaling 630 billion won.

The “Automobile Partner Preferential Finance” initiative is based on a 40 billion won contribution made by Hyundai, Kia, and Hana Bank to the Korea Trade Insurance Corporation.

The Trade Insurance Corporation provides guarantees to ensure that preferential financing, amounting to a total of 630 billion won, can be extended through Hana Bank.