Hyundai Motor Group opens its coffers ahead of Chuseok… Early payment of 2.2562 trillion won in supplier funds to partners

*This content was translated by AI.

The Hyundai Motor Group announced on September 9, 2026, that it will make an early payment of 2.2562 trillion won in supplier funds to ease financial burdens and support the stability of its partners ahead of the Chuseok holiday. This early payment advances the existing payment date by up to 23 days.

The recipients include approximately 6,000 partner companies engaged in trading parts, raw materials, and consumables. Twelve major group companies are participating: Hyundai Motor, Kia, Hyundai Mobis, Hyundai Engineering & Construction, POSCO (formerly Hyundai Steel), Hyundai Glovis, Hyundai Transys, Hyundai WIA, Hyundai AutoEver, Hyundai Rotem, Hyundai Engineering, and Hyundai Capico. The Hyundai Motor Group has historically made advance payments of supplier funds before holidays each year to address concentrated financial needs during the holiday period, such as employee bonuses and raw material payments. Last Chuseok, it paid 2.028 trillion won, and this Seollal (Lunar New Year), it paid 2.768 trillion won. Additionally, the group plans to encourage first-tier partners to also make early payments for second- and third-tier suppliers, thereby promoting fund circulation throughout the entire supply chain.

Meanwhile, Hyundai Motor Group employees are carrying out various holiday mutual prosperity activities for vulnerable groups. Employees of Hyundai Motor, Kia, and Hyundai Mobis will deliver donations and goods to institutional investors and vulnerable communities while also participating in volunteer work at welfare facilities. Employees of POSCO, Hyundai Engineering & Construction, Hyundai Rotem, Hyundai Transys, and Hyundai Glovis will provide holiday gifts and meals to marginalized neighbors and conduct food distribution services.

Hyundai AutoEver is implementing the "Salim Project," which purchases low-quality fruits from farms, processes them into fruit chips, and delivers them to approximately 6,600 vulnerable households. Hyundai WIA is opening a direct-to-consumer market called "Ieum Market" for farmers in Changwon, Gyeongsangnam-do, through the Rural-Urban Mutual Prosperity Fund, purchasing local agricultural products and donating them. The Hyundai Motor Ulsan Plant, as a follow-up to the "Mutual Prosperity Market Project" launched with Ulsan City last July, will hold a shopping event at Hoegye Market in Buk-gu and plans to deliver purchased items to low-income households and social welfare facilities.

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*This content was translated by AI.