Historic Meeting Between Hyundai and Toyota Leaders

Today, at the Hyundai Entoto Racing Festival held at the Everland Speedway, Chairman Chung Eui-sun of Hyundai Motor Group and Chairman Akio Toyoda of Toyota Motor Corporation met for the first time officially, expressing their willingness to collaborate. This meeting holds historical significance as Hyundai is ranked 3rd and Toyota 1st in the global automotive industry. Attendees included Lee Jae-yong, Vice Chairman of Samsung, and Cho Hyun-bum, Chairman of Korea NC Company Group. With around 3,000 spectators gathered, industry officials, general customers, media representatives, and influencers joined the occasion where both chairmen discussed the potential for future collaboration. They emphasized the importance of motorsports during the event and shared a common vision for the advancement of the automotive industry in both countries. This collaboration between Hyundai and Toyota is anticipated to set a new milestone in the global automotive market.