South Korea's largest automaker, Hyundai Motor, posted a net profit of 2.58 trillion won ($1.7 billion) in the first quarter of 2025, a 23.6% decline compared to the same period last year, as US auto tariffs and rising raw material costs weighed heavily on earnings. The company said tariff-related expenses alone amounted to roughly 860 billion won during the quarter, while operating income fell by nearly a third, even as overall sales edged up 3.4% to 45.93 trillion won. Despite the sharp profit decline, the results beat analyst forecasts, which had anticipated a lower net profit of around 2.43 trillion won.