South Korean automaker Kia Corporation reported a 37% year-on-year drop in net profits to KRW 1.42 trillion (US$ 997 million) in the third quarter of 2025, attributed mainly to the introduction of a 25% import tariff by the US government earlier this year. Operating profit plunged by 49% to KRW 1.46 trillion, with the company’s operating margin falling to 5.1%, with the results also affected by higher incentive payments and currency exchange rates. The company confirmed that the third-quarter results “we ...