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

Hyundai and Kia's tariff costs have reached 10 trillion won, squeezing cash flow. NICE Investors Service analysts say part of the burden could be passed to Korean auto parts suppliers through lower supply unit prices.

• Hyundai and Kia's cumulative tariff costs hit 10 trillion won
• Combined operating profit fell from 24 trillion won in 2024 to 16 trillion won
• Hyundai and Kia account for 90.3% of supplies from 1,430 Korean parts makers
• U.S. will keep the 3.75% tariff refund rate until 2030