Hyundai Card Reopens Korea's Kimchi Bond Market, Expands Funding Portfolio with Dual-Currency USD-CNY Issuance | Taiwan News | Jun. 18, 2026 15:00

Hyundai Card has become the first Korean credit‑specialized lender to issue a dual‑currency Kimchi bond, tapping both USD and CNY to broaden its investor base and currency portfolio. The issue, announced on June 17, 2026, was a green bond with proceeds earmarked for Hyundai Motor Group’s eco‑friendly mobility ventures, including EVs and FCEVs. This issuance extends Hyundai Card’s Kimchi bond strategy, following January’s resumption of public Kimchi bonds to convert proceeds into won, and mirrors a wider Korean trend as other firms like LG Electronics and Lotte Property & Development entered the market.