韩国内焦虑等待韩美关税《说明书》，政策执行迟滞挫伤汽车业界信心

Core Points - The delay in the release of the joint statement between South Korea and the U.S. regarding tariff reductions is causing anxiety in the South Korean automotive industry [1][3] - The South Korean automotive sector is facing increased cost burdens due to the continued imposition of a 25% tariff on exports to the U.S. [1][3] Group 1: Tariff Negotiations - The South Korean and U.S. presidents had a meeting on September 29, where they planned to announce a joint document summarizing tariff and security negotiations shortly after [3] - Despite initial agreements on tariff reductions reached in July, the implementation has been delayed for three months, leading to diminished confidence in the industry [4] Group 2: Impact on Automotive Companies - In 2022, South Korea exported approximately 1.43 million vehicles to the U.S., with 1.0043 million vehicles exported in the first three quarters of this year, resulting in a daily burden of nearly 4,000 vehicles subject to the 25% tariff [4] - Hyundai and Kia reported significant tariff costs in Q3, amounting to 1.82 trillion KRW and 1.23 trillion KRW respectively, leading to a year-on-year decline in operating profits of 29.2% for Hyundai and 49.2% for Kia [4] Group 3: Government and Industry Responses - The South Korean government is advocating for the retroactive application of tariff reductions to take effect from November 1, contingent on the approval of related investment fund legislation [4] - There are concerns within the industry that if the effective date is postponed, the benefits of the tax reduction will be significantly diminished [4][5]