Hyundai Mtr says not too concerned about FX rates


SEOUL, Oct 28 (Reuters) - Hyundai Motor Co. is not too worried about the impact of a strong won currency on its business, given hedging provided by divsersified overseas markets, an official from the South Korean firm said on Thursday. "Unlike in past years, we are relatively free from foreign exchange risks due to market diversification," said Kim Duk-joo, the head of the investor relations team. "European sales are growing which is giving a natural hedge against the falling dollar."

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