South Korea’s largest automaker, Hyundai Motor, reported a significant drop in its second-quarter profit, which was largely due to the adverse effects of U.S. tariff impositions, despite achieving record-high revenues. According to the company’s report released Thursday, the revenue for the April-June period surged by 7.3% year-on-year, reaching 48.29 trillion won (approximately 35.3 billion U.S. dollars), marking a quarterly record for Hyundai, Azernews reports, citing foreign media.
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