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Robust sales steering Hyundai, Kia’s mcap in fast lane
Both the South Korean auto majors’ combined market value set to be 100 trillion-won ($72.2bn) from 94.38 trn won
Seoul: The combined market capitalisation (mcap) of Hyundai Motor and Kia is widely expected to surpass the 100 trillion-won ($72.2 bn) mark this year, according to industry watchers. Currently, the combined market capitalisation of the two companies stands at 94.38 trillion won, with Hyundai Motor valued at 50.23 trillion won and its sister unit Kia valued at 44.14 trillion won.
Since the start of 2024, Hyundai Motor’s stock price has climbed by approximately 16.9 per cent, and Kia’s stock price has risen by 9.8 per cent, reports Yonhap news agency.
Their combined market capitalisation once surpassed 100 trillion won last month, but has receded.
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