Hyundai Kia Motors Supports Taxi Industry Affected by COVID-19

Installment Payment Deferral for Three Months from Next Month to June

[Asia Economy Reporter Kim Ji-hee] Hyundai Kia Motors announced on the 19th that it will defer installment repayments for three months from next month to June to support the taxi industry, which is experiencing sales losses due to a decrease in passengers caused by the COVID-19 pandemic. This program is available to applicants among individual taxi and corporate taxi drivers.

The eligible customers are those using Hyundai Capital installment products for individual taxis, and those using Hyundai Capital installment products or Hyundai Kia Motors' own installment products for corporate taxis. Applications for installment repayment deferral can be submitted from the 20th to the 27th of this month.

Additionally, Hyundai Kia Motors has prepared a plan to offer a 30% discount on general repair costs for individual and corporate taxis brought to nationwide direct service centers, Blue Hands, and Auto Q from the 20th of this month to the 3rd of next month. Applications can be made at Hyundai Kia Motors' nationwide service centers, Blue Hands, and Auto Q.

A Hyundai Kia Motors official stated, "We have decided to defer installment repayments and support general repair costs to alleviate the economic burden on the taxi industry struggling due to the spread of COVID-19. We will continue to seek various measures to overcome difficulties together with our customers and provide practical help to them."

Earlier last month, Hyundai Motor Group donated 5 billion KRW to the National Disaster Relief Association to prevent the spread of COVID-19 and aid recovery, and urgently supported 1 trillion KRW in funds to small and medium-sized parts suppliers to reduce their financial burdens. This month, the group has continued multifaceted support to overcome COVID-19, including providing two training centers in Gyeongbuk as living treatment centers for mild COVID-19 patients.

This content was produced with the assistance of AI translation services.