From left, Lee Jae-yong, chairman of Samsung Electronics; Jensen Huang, CEO of Nvidia; and Chung Eui-sun, chairman of Hyundai Motor Group, pose for a commemorative photo after wrapping up a meeting at a chicken restaurant in Samseong-dong, Gangnam-gu, Seoul, on the 30th. /Courtesy of News1

On the morning of the 31st, Hyundai Motor Group shares were broadly higher. The gains came after news spread that Nvidia CEO Jensen Huang met Hyundai Motor Group Chairman Chung Eui-sun the previous day.

As of 9:29 a.m. that day, Hyundai Motor was trading at 284,500 won, up 19,500 won (7.36%) from the previous trading day.

Affiliates of Hyundai Motor Group, including Hyundai Mobis, Hyundai GLOVIS, and Hyundai AutoEver, were also on the rise. News of a cut in automobile tariff rates (15%) and deferred port entry fees between the United States and China was also having a combined effect.

Earlier, CEO Jensen Huang visited Korea the previous day and had a chimaek (chicken and beer) meeting with Chairman Chung and Samsung Electronics Chairman Lee Jae-yong at Kkanbu Chicken. They then attended Nvidia's "GeForce Gamer Festival," held at COEX in Gangnam District, Seoul.

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