Hyundai Motor Securities' At-Risk Assets Surge to 398B Won in Q1 2026, Up 33.3% YoY

According to South Korea's financial investment industry, Hyundai Motor Securities' at-risk asset holdings reached 398 billion Korean won in Q1 2026, surging 33.3% from 298.2 billion won at year-end 2025. The ratio of at-risk assets after provisions to shareholders' equity climbed to 20.3% from 13.5% over the same period.

Real estate project financing now accounts for 87% of shareholders' equity, raising concerns about potential additional provisions. Non-Seoul office buildings, commercial facilities, and low-performing residential projects remain classified as at-risk, creating hidden risks if their profitability deteriorates further. However, the company's capital adequacy ratio stood at 564.6% in Q1, indicating sufficient buffer against immediate losses.