Market Chatter: South Korea, Japan Partner on Hydrogen Ecosystem Development

MT Newswires Live

Feb 24, 2025

South Korea and Japan are ramping up efforts to establish a global hydrogen ecosystem through joint public and private sector initiatives, Pulse News reported Friday.

Hyundai Motor Group, the parent company of Hyundai Motor (KRX:005380) and Kia (KRX:000270), and Japan's Toyota Motor (TYO:7203), will support a bilateral cooperation event from March 10 to March 12, aimed at fostering hydrogen industry collaboration, the report said, citing industry sources.

Shares of Hyundai Motor and Kia fell nearly 1% in recent trade on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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