Hyundai Motor's share price halves despite record-breaking earnings; 'robots' are the key to a rebound | Reporter Hong Seong-yong | Maeil Business Newspaper Special

It highlights the contradiction that Hyundai Motor's share price halved from 78 ten-thousand plus 3 thousand won in month 6 to the 34 ten-thousand-won range in month 9, while its US sales overtook Ford and reached an all-time high over the same period. It explains that robots, not cars, moved the share price: an Atlas video in month 1 added a robotics premium, and that premium evaporated in month 9 when the Nasdaq listing was delayed and cumulative losses of 1 trillion plus 7 hundred billion won over 5 years were disclosed. It describes the core automotive business as exceptionally strong, with a monthly US ranking of 3, 50% growth in hybrids, and Trump's easing of fuel-economy requirements and subsidies proving a gift. It attributes the stock's continued financial-crisis-level forward P/E of 4~5 times to the Korea discount arising from circular shareholdings and meager shareholder returns. It concludes that cars set the floor and robots set the ceiling, making Boston Dynamics' return to profitability, real-world deployment in Georgia, and signals of a resumed listing the checkpoints; the issue is identity, not earnings. All directional outlooks are the speaker's conditional judgments, not definitive short-term price predictions.