Finance minister, Hyundai Motor chief discuss EV policies: sources

What happened: South Korea's finance minister met Hyundai Motor Group's executive chair to discuss developing the country's EV industry and government tax incentives for the sector, sources said. Key numbers: The meeting lasted around 20 minutes. Why it matters: Business officials called for prompt government-led measures, including tax deductions for domestically produced EVs, to help local firms stay competitive globally. Lee called EVs the next battleground for reviving growth potential.

South Korea's finance minister met Hyundai Motor Group's executive chair to discuss developing the country's EV industry and government tax incentives for the sector, sources said.

Business officials called for prompt government-led measures, including tax deductions for domestically produced EVs, to help local firms stay competitive globally. Lee called EVs the next battleground for reviving growth potential.