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02 Dec 2025
South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15%
Summary: South Korean auto stocks rose after the U.S. confirmed a reduction in auto tariffs to 15%, effective November 1st. Hyundai and Kia shares increased by nearly 5% and 3%, respectively. This tariff reduction is expected to benefit South Korean automakers by making their vehicles more competitive in the U.S. market.