현대차, '순이익 감소율' 1위…美 보호무역·전기차 캐즘 발목

Hyundai Motor's net profit collapsed 36% in 2025—the steepest drop among major Korean conglomerates—as US tariffs (25%), EV market saturation, and heavy future-tech investments converge simultaneously. While SK and Samsung capitalize on AI chip demand, Hyundai absorbs the structural transformation costs of the automotive industry, raising critical questions about which legacy automakers can remain competitive through the EV and SDV transition. The viability of its profitability recovery depends on whether SDV leadership and new manufacturing capacity can offset the near-term earnings erosion.