Finance minister, Hyundai Motor chief discuss EV policies: sources

Finance Minister Lee Hyoung-il met Hyundai Motor Group Executive Chair Euisun Chung at the company’s research center in Hwaseong, south of Seoul, on Monday to discuss developing Korea’s electric vehicle industry and tax incentives. They exchanged views on tax cuts for EVs produced domestically, and Hyundai briefed Lee on plans for next-generation EVs and autonomous vehicles. At a roundtable with other automakers, Lee said Korea needs to secure advanced technologies within two or three years, while business officials called for prompt government measures to support global competitiveness.

The meeting between Lee and Chung lasted around 20 minutes before the roundtable.

The roundtable was part of the government’s effort to gather industry views on EVs and autonomous driving technology.

Business officials suggested tax deductions for EVs produced domestically.

Lee described EVs as the next battleground for reviving the country’s growth potential.

Published Nov 2, 2026 9:56 pm KST

Updated Nov 2, 2026 10:08 pm KST

Finance Minister Lee Hyoung-il, center, speaks during his visit to a research center of Hyundai Motor Group in Hwaseong, Gyeonggi Province, Monday. Courtesy of Ministry of Finance and Economy

Korea's finance minister met with the head of Hyundai Motor Group to discuss ways to develop the country's electric vehicle (EV) industry, along with government tax incentives for the sector, sources said Monday.

Finance Minister Lee Hyoung-il met with Hyundai Motor Group Executive Chair Euisun Chung for around 20 minutes ahead of a roundtable held on the day at the company's research center in Hwaseong, south of Seoul, according to the sources.

During the meeting, the two also exchanged views on applying tax cuts for EVs produced in the country, the sources said.

The finance ministry said Lee was also briefed by Hyundai Motor Group on its plans to develop next-generation EVs and autonomous vehicles.

The roundtable, attended by representatives from other automakers, was part of the government's efforts to gather industry views on EVs and autonomous driving technology.

"EVs are the next battleground for the country to revive its growth potential," Lee said during the roundtable, stressing that the country needs to secure technologies in line with those of advanced nations within two or three years.

In response, business officials called for prompt government-led measures to help local firms remain competitive globally, suggesting tax deductions for domestically produced EVs.

周一，韩国财政部长李亨日在首尔以南华城现代汽车集团研发中心会见了现代汽车集团执行董事长郑义宣，双方就韩国电动汽车产业发展及税收优惠政策进行了讨论。他们就国产电动汽车的减税问题交换了意见，现代汽车还向李亨日介绍了下一代电动汽车和自动驾驶汽车的研发计划。在与其他汽车制造商举行的圆桌会议上，李亨日表示，韩国需要在两到三年内掌握先进技术，而企业界人士则呼吁政府迅速采取措施，提升韩国的全球竞争力。

在圆桌会议开始前，李和郑进行了大约 20 分钟的会面。

此次圆桌会议是政府为收集业界对电动汽车和自动驾驶技术的意见而开展的工作之一。

商界人士建议对国内生产的电动汽车给予税收减免。

李将电动汽车描述为重振国家增长潜力的下一个战场。

发布于2026年11月2日晚上9:56（韩国标准时间）

更新于2026年11月2日晚上10:08（韩国标准时间）

韩国财政部长李亨日（图中）周一在京畿道华城市现代汽车集团研发中心访问期间发表讲话。图片由韩国财政经济部提供。

消息人士周一表示，韩国财政部长会见了现代汽车集团负责人，讨论发展该国电动汽车产业的方法，以及政府对该行业的税收优惠政策。

据消息人士透露，韩国财政部长李亨日在当天于首尔以南华城现代汽车集团研发中心举行的圆桌会议前，与现代汽车集团执行董事长郑义宣进行了约20分钟的会面。

消息人士称，会晤期间，双方还就对国内生产的电动汽车实行减税政策交换了意见。

财政部表示，现代汽车集团还向李显龙介绍了其开发下一代电动汽车和自动驾驶汽车的计划。

此次圆桌会议有其他汽车制造商的代表参加，是政府为收集业界对电动汽车和自动驾驶技术的意见而采取的举措之一。

李在圆桌会议上表示：“电动汽车是国家重振增长潜力的下一个战场”，并强调国家需要在两三年内确保其技术水平与发达国家接轨。

对此，商界人士呼吁政府迅速出台措施，帮助本地企业保持全球竞争力，并建议对国产电动汽车实行税收减免。