[Economy pick] Hyundai Motor and Toyota holding hands...Bedding with the enemy?

[Anchor]
It's an economic pick time to look at today's economic issues with a reporter from the Ministry of Economy.

Hyundai Motor Co., Toyota Co., Ltd., whose first keyword is hand-in-hand…Bedding with the enemy? I guess it's about the meeting between the heads of the two companies yesterday, right?

[Reporter]
Yes, Hyundai Motor and Toyota's racing festival was held at Everland Speedway in Yongin yesterday.

What you see here is yesterday's scene.

The racing car, which started off strong, is showcasing drift technology that rotates 360 degrees.

But who was driving this car?

It was Akio Toyota, chairman of Toyota Group in Japan.

The person sitting right next to him was Hyundai Motor Group Chairman Chung Eui-sun.

Toyota, the world's No. 1 car sales leader, and the head of Hyundai Motor, the No. 3 carmaker, are racing together in a race car.

The event was held for the first time by Hyundai Motor's high-performance brand "Hyundai N" and Toyota's "Gaju Racing Team" to revitalize motorsports culture.

More than 3,000 people, including general customers, reporters, influencer and officials from both companies, gathered, and a large number of high-performance race cars from both companies were introduced.

Chairman Akio Toyota has a racer history, and Chairman Chung Eui-sun also said that he would practice harder and show racing next time he got the chance.

[Anchor]
What does this meeting mean for the representatives of the two competitors?

[Reporter]
It is an unusual meeting between the heads of two competing companies, so attention is being paid to its meaning.

Earlier, Hyundai Motor signed business agreements with General Motors of the United States and Toyota with BMW of Germany.

It was all cooperation for the development of hydrogen cars.

The meeting between Hyundai Motor and Toyota's chief yesterday also seems to have hinted at the possibility of joining hands for a common task of developing hydrogen cars.

Let's listen to the heads of the two companies.

[Jeong Eui-sun / Chairman of Hyundai Motor Group: As the most respected chairman of the industry, I am trying to learn a lot. Seeing you driving today makes me trust you more....]

[Aquio Toyota / Chairman of Toyota Group: I love you. I never thought I could do such a great job with Hyundai Motor in Korea. Toyota and Hyundai will join hands to make a better car the future of mobility, so please support us.]

Samsung Electronics Chairman Lee Jae-yong also attended the event, drawing attention.

Chairman Chung Eui-sun and Chairman Lee Jae-yong were seen standing side by side watching the game and talking.

Yesterday was the second anniversary of Chairman Lee's inauguration as chairman of Samsung Electronics.

It is because the event was held at Everland Speedway, but there is also an analysis that there may be another reason why Chairman Lee attended in person.

As the "big hands" of automobiles, electric and electronic companies have gathered, it is observed that cooperation measures for future food will have been sought.

Amid the strong offensive of Chinese companies, we are interested in what changes the meeting between the heads of three companies, Hyundai Motor, Toyota, and Samsung, which have to prepare for the future, will bring about.