Hyundai supports renewed US-South Korea trade talks

Hyundai Motor Group’s (HMG) executive chairman, Chung Euisun, recently visited the US to join the leaders of several other major South Korean chaebols and support the South Korean government’s renewed efforts to negotiate better access to the world’s largest economy. A similar mission in August failed to change the US Trump administration’s decision to impose a 25% import duty on South Korean imports, while duties on imports from Japan and the EU were recently set at 15%, and at 10% for the UK. This has c ...