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Hyundai Economic Audit

  • Last Updated: June 11, 2026

Audit Phase: V-ECON
Target Entity: Hyundai Motor Group (Hyundai Motor Company, Kia Corporation, Hyundai Mobis, Hyundai Cradle)
Compiled: May 2026
Scope Note: This audit covers Hyundai Motor Group and its principal subsidiaries. HD Hyundai (formerly Hyundai Heavy Industries Group — shipbuilding, construction equipment, energy) is a legally distinct conglomerate that shares the Hyundai brand but operates under separate ownership. BDS-related allegations concerning Hyundai excavators used in West Bank demolition and settlement construction pertain exclusively to HD Hyundai’s construction equipment division and fall outside this audit’s scope. That distinction is flagged as material to any downstream analysis.

Supply Chain & Sourcing Relationships

Direct Agricultural & Food Supply Chain:
No public evidence identified that Hyundai Motor Group holds commercial relationships with Israeli agricultural aggregators such as Mehadrin, Hadiklaim, Galilee Export, or Agrexco successors, or that it procures Medjool dates, avocados, citrus, fresh herbs, or potatoes. Hyundai’s supply chain is concentrated in steel, aluminium, semiconductors, batteries, tyres, and automotive components — product categories with no intersection with Israeli agricultural produce supply chains 816.

Importer of Record Structure:
Hyundai Motor Group does not directly import goods into Israel through a wholly-owned subsidiary acting as importer of record. Vehicle and parts importation into Israel is handled by Delek Automotive Systems Ltd., a publicly listed Israeli company (Tel Aviv Stock Exchange) that holds the exclusive franchise for Hyundai and Kia passenger vehicles in Israel 910. Delek Automotive is an independent Israeli company — not a Hyundai subsidiary or joint venture — and operates under an authorised dealer franchise agreement with Hyundai Motor Company 10. The commercial terms of that franchise agreement, including royalty rates and minimum volume commitments, are not publicly disclosed in full. Delek Automotive’s parent corporate structure is documented separately through Delek Group investor relations filings 46.

Component & Technology Supply Relationships (Israeli-Domiciled):
Hyundai’s supply chain intersects with Israeli-headquartered technology firms at the component and R&D level:

  • Innoviz Technologies (Rosh HaAyin, Israel): Hyundai Motor Group entered a strategic supply partnership with Innoviz, an Israeli LiDAR sensor manufacturer, in 2020 4. The agreement includes supply of LiDAR components for Hyundai autonomous vehicle programmes 5. Innoviz is listed on NASDAQ (INVZ). Innoviz’s 2023–2024 investor disclosures confirm an ongoing supply pipeline with automotive OEM customers including Hyundai 3749, with the relationship continuing post-19 July 2024 based on available evidence.
  • Mobileye (Jerusalem, Israel): Hyundai Motor Group was a confirmed commercial partner and customer of Mobileye — then an Intel subsidiary — prior to 2020 1. The relationship is characterised as a commercial supply agreement for advanced driver-assistance systems (ADAS), not a direct equity investment by Hyundai. Mobileye completed its own NASDAQ IPO in October 2022 1. No confirmation that this supply relationship continued as an active commercial arrangement post-2020.

Seasonal Sourcing Patterns (Agricultural):
No public evidence identified.

Third-Party & Indirect Sourcing (Agricultural):
No public evidence identified. Hyundai’s indirect Israeli supply chain involves technology and component firms, not food or agricultural goods.

Authoritative Screening — Supply Chain:
Who Profits Research Center 8, AFSC Investigate 44, and Corporate Occupation 41 all document Hyundai’s Israeli-nexus relationships as concentrated in the franchise importer relationship with Delek Automotive and equity investments in Israeli technology startups. None of these sources identifies agricultural or food supply chain relationships. The PAX June 2024 report on companies arming Israel 28 does not identify Hyundai Motor Group as a supplier of arms or dual-use military equipment, including through its Innoviz Technologies supply relationship, which covers civilian automotive LiDAR applications.

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products:
No public evidence identified of Hyundai Motor Group sourcing or selling goods labelled “Produce of Israel” originating from the West Bank, Jordan Valley, or Golan Heights. Hyundai’s product portfolio — automobiles, heavy equipment, and electronics — does not intersect with the fresh produce country-of-origin labelling regulatory framework applicable in the UK, EU, or equivalent jurisdictions 816.

Labeling Compliance:
Not applicable to Hyundai Motor Group’s product categories in the context of country-of-origin food labelling regulations.

Corporate Labeling & Sourcing Policy:
No public evidence identified of a corporate policy specifically addressing the sourcing or labelling of goods from occupied or contested territories. Hyundai’s Supplier Code of Conduct, referenced in its Global Sustainability Report 2023, addresses human rights, labour standards, and environmental compliance 16 but contains no territory-specific sourcing restrictions applicable to the West Bank, Golan Heights, or other occupied or disputed areas. No public statement or policy response by Hyundai Motor Group addressing franchise holder operations in settlement areas has been identified 841.

UN OHCHR Database Status:
Based on training data through April 2026, Hyundai Motor Company, Kia Corporation, and Hyundai Mobis are not identified as named entities in the UN OHCHR database of business enterprises maintained pursuant to HRC resolutions 31/36 and 53/25 24. The database’s named entries concentrate on companies with direct settlement real estate, infrastructure, tourism, banking, or agricultural operations; Hyundai Motor Group’s profile — as an automotive OEM operating through an independent franchise importer — does not correspond to the categories of activity that generated OHCHR database listings. This finding is based on training data; live database access was unavailable.

Norwegian Government Pension Fund Global (GPFG):
As of the most recent available update (2024), Hyundai Motor Company and Kia Corporation are not on the GPFG exclusion or observation list 50. This is consistent with Hyundai’s absence from the UN OHCHR database.

UN Special Rapporteur A/HRC/59/23 (Albanese, July 2025):
The Special Rapporteur report “From economy of occupation to economy of genocide,” registered July 2025 25, addresses settlement construction, natural resources, agribusiness, global retail, finance, and related sectors. Based on training data, Hyundai Motor Group is not identified as a named entity in A/HRC/59/23. This finding is qualified: full paragraph-level review was not possible without live document access.

Investment, Capital & Financial Exposure

Direct Equity Investments in Israeli-Domiciled Companies:

  • REE Automotive Ltd. (Tel Aviv, 2021): Hyundai Motor Company and Kia Corporation participated in REE Automotive’s $133M Series C funding round, announced in January 2021 211. REE is an Israeli electric vehicle chassis and flat-platform startup headquartered in Tel Aviv. REE subsequently listed on NASDAQ via SPAC merger in 2021, raising approximately $300M 323. The specific equity stake held by Hyundai and Kia individually was not separately disclosed in available corporate filings 32. REE Automotive underwent significant restructuring and workforce reduction in 2024 42, rendering Hyundai’s commercial relationship with REE as a vehicle platform customer operationally uncertain. Whether Hyundai and Kia disposed of or retained their equity position following REE’s restructuring has not been confirmed in available training data — this represents an open evidence gap.

  • Innoviz Technologies Ltd. (Rosh HaAyin, 2020): Hyundai Motor Group announced a strategic partnership with Innoviz Technologies — an Israeli LiDAR manufacturer — in 2020, combining a commercial supply agreement with a strategic investment component 45. Innoviz is NASDAQ-listed (INVZ) 31. The precise equity percentage held by Hyundai is not publicly disaggregated in available Hyundai or Innoviz filings 531. The supply and investment relationship is confirmed as ongoing through 2023–2024 investor disclosures 3749, including post-19 July 2024.

  • StoreDot Ltd. (Herzliya, 2021): Hyundai Motor Group participated in StoreDot’s $60M Series C funding round in 2021 alongside BP, Daimler, and Samsung 614. StoreDot is an Israeli battery technology startup developing extreme fast-charging (XFC) lithium-ion cells for electric vehicles. StoreDot confirmed Hyundai’s continued participation as an investor through a 2024 press update 48, placing this relationship as ongoing post-19 July 2024 and post-November 2024 ICC arrest warrants. The specific size of Hyundai’s individual investment stake was not publicly disclosed in isolation 14.

  • Mobileye (pre-2020): Hyundai’s relationship with Mobileye prior to its 2022 IPO was commercial rather than equity-based. Mobileye’s IPO prospectus (SEC Form F-1, October 2022) confirms Hyundai’s status as a customer but does not identify Hyundai as a shareholder of record 1.

Taken together, the three confirmed equity-stage investments (REE Automotive, Innoviz Technologies, StoreDot) constitute the primary known portfolio exposure to Israeli-domiciled companies by Hyundai Motor Group. REE Automotive’s post-2024 restructuring introduces material uncertainty into the continued status of that position.

R&D Investment & Innovation Infrastructure:

  • Hyundai Cradle Tel Aviv Hub: Hyundai Cradle — Hyundai Motor Group’s corporate venture and open innovation unit — established an innovation hub in Tel Aviv, confirmed operational as of 2019–2020 13. The Tel Aviv office was part of the global Hyundai Cradle network (other hubs: Silicon Valley, Berlin, Singapore, Beijing) and was used to identify and invest in early-stage Israeli startups in mobility, robotics, and artificial intelligence 1340. The hub’s operational status post-2022 is not confirmed in available sources; this is flagged as the highest-priority evidence gap for any live-search follow-up.

  • Autonomous Vehicle Testing Programme (Israel, 2021): Hyundai was listed among automotive OEMs approved to participate in Israel’s national autonomous vehicle testing programme administered by the Israeli Ministry of Transport in 2021 15. No post-2021 confirmation of continued participation has been identified in available training data.

Financing the State — Assessment:
Hyundai Motor Group is an automotive and manufacturing conglomerate, not a financial institution. Assessed indicators: Israeli sovereign debt / war bond underwriting — no evidence, not applicable; Israel Bonds purchasing or distribution — no evidence; asset management holdings in OHCHR-listed companies — Hyundai is not an asset manager; insurance underwriting of Israeli state or military operations — no evidence (Hyundai Capital’s potential Israeli operations via Delek arrangements remain an unconfirmed evidence gap); direct lending to OHCHR-listed companies or Israeli defence primes — no evidence 26272829. The Financing the State rubric is substantively not applicable to an automotive OEM at this profile level.

Don’t Buy Into Occupation (DBIO) 2024 and 2025:
DBIO reports focus on financial institutions providing capital to OHCHR-listed companies 2627. Hyundai Motor Group is not identified as a named financial-sector entity in DBIO 2024 or 2025. Hyundai is not a bank, asset manager, or insurer; it does not appear as a subject entity in the DBIO financing matrix. Hyundai’s equity stakes in Israeli-domiciled tech startups are corporate venture positions, not financial-sector intermediary activity of the type profiled in DBIO.

Parent & Beneficial Ownership Flows:
Hyundai Motor Company (KRX: 005380) is a publicly listed South Korean corporation with no Israeli parent company, no Israeli-origin acquisition forming a structural foundation, and no Israeli institutional shareholder holding a controlling stake 17. Global institutional investors including the South Korean National Pension Service, BlackRock, and other asset managers hold minority positions; none are Israeli state entities 17. Hyundai Motor Group’s capital flows originate from and repatriate to South Korea.

Portfolio & Sovereign Bond Exposure:
No public evidence identified of Hyundai Motor Company or its subsidiaries holding Israeli sovereign bonds or Israel-focused investment funds as disclosed portfolio positions. The equity stakes in REE Automotive, Innoviz Technologies, and StoreDot represent the totality of currently identified Israeli-domiciled investment exposure 246.

Operational Presence & Market Activity

Physical Footprint:
Hyundai Motor Group does not operate manufacturing plants, assembly lines, or owned logistics hubs in Israel or in the occupied territories. No owned offices in Israel are confirmed beyond the Hyundai Cradle hub referenced above, whose post-2022 operational status remains unconfirmed 1340. Vehicle sales and after-sales service in Israel are conducted entirely through Delek Automotive Systems Ltd. and its authorised dealer network 910. Hyundai Motor Group holds no confirmed direct operational presence in the West Bank, Gaza, or the Golan Heights.

Market Positioning:
Hyundai and Kia vehicles are commercially significant in the Israeli passenger car market — Kia was the top-selling automotive brand in Israel in 2023 18 and recorded sales records in early 2024 19, with Delek Automotive confirming continued sales activity through H1 2024 3839. However, this market activity is attributed to and entirely managed by Delek Automotive as the franchise holder; revenue and operational accountability remain with Delek, not with Hyundai Motor Group directly 910. Israel is not separately identified as a named market or strategic growth region in Hyundai Motor Company’s annual reports or investor presentations 2021. Regional disclosure aggregates the Middle East within broader geographic segments; no Israel-specific volume or revenue figure is separately attributed in public filings. Delek Automotive H2 2024 and 2025 sales data were not confirmed in available training data, representing an open temporal gap.

Settlement Nexus — Vehicle Sales:
Delek Automotive’s authorised dealer network includes locations that service the Israeli settler population in the West Bank 841. Israeli settlers in the West Bank purchase and register vehicles through the standard Israeli registration system; Delek Automotive’s dealer and service network serves this population as part of its franchise territory. The franchise agreement between Hyundai Motor Company and Delek Automotive does not, based on available public evidence, contain a territorial carve-out excluding settlement areas from the franchise territory. No direct Hyundai Motor Group sales, contracts, or physical presence in settlement areas is identified. Who Profits 8 and Corporate Occupation 41 document Hyundai and Kia vehicles as present among the Israeli settler population in the West Bank, sourced via the standard Delek Automotive distribution chain. This is characterised as indirect settlement nexus: Hyundai Motor Group does not directly sell into settlements, but its franchise holder’s distribution territory encompasses settlement areas with no evidence of restriction.

Constructive Notice — Ongoing Activities:
The following Hyundai Motor Group activities were confirmed as ongoing at or after 19 July 2024 (ICJ Advisory Opinion on the unlawfulness of Israel’s occupation) and remain ongoing through the November 2024 ICC arrest warrant marker:

Relationship Last Confirmed Post-ICJ AO Status Post-ICC Warrant Status
Delek Automotive franchise (Hyundai + Kia) H1 2024 38 Ongoing — no suspension announced Ongoing — no suspension announced
Innoviz Technologies supply partnership 2023–2024 3749 Ongoing Ongoing
StoreDot equity investment 2024 48 Ongoing Ongoing
REE Automotive equity investment 2024 — restructuring 42 Uncertain / potentially discontinued Uncertain
Hyundai Cradle Tel Aviv hub 2019–2020 confirmed 13 Unconfirmed post-2022 Unconfirmed
Israel AV testing participation 2021 15 No post-2021 confirmation No post-2021 confirmation
Mobileye commercial supply Pre-2020 1 Not confirmed as ongoing Not confirmed as ongoing

No public announcement of franchise termination, suspension, or policy review by Hyundai Motor Group in response to either the ICJ Advisory Opinion or the ICC arrest warrants has been identified in available training data.

Employment & Tax Contribution:
No public evidence identified of Hyundai Motor Group employing staff directly in Israel or being registered as a taxpaying entity with the Israel Tax Authority. Employment associated with Hyundai vehicles in Israel is attributable to Delek Automotive and its dealer network 910. Any indirect employment generated through Hyundai’s equity stakes in Israeli startups (REE, Innoviz, StoreDot) flows through those independently operated portfolio companies.

HD Hyundai Distinction:
HD Hyundai (formerly Hyundai Heavy Industries Group, restructured 2019) is a legally separate conglomerate from Hyundai Motor Group despite sharing the Hyundai brand. HD Hyundai Construction Equipment manufactures excavators, bulldozers, and construction machinery documented by Who Profits as used in demolition operations and construction in the occupied West Bank 35. This is the basis for BDS campaign references to “Hyundai” in the context of occupation infrastructure 22. This activity is attributable to HD Hyundai, not Hyundai Motor Group, but the shared brand creates a material conflation risk in public-facing analysis. No confirmation of termination or suspension of HD Hyundai Construction Equipment’s supply relationships with West Bank-active operators has been identified; status is assessed as ongoing/unconfirmed discontinued as of the compilation date — a matter flagged for disambiguation outside this audit’s scope. No confirmed Israeli government shipbuilding or naval contracts for HD Hyundai have been identified in available training data.

Corporate Structure & Foundational Ties

Founding & Incorporation History:
Hyundai Motor Company was founded in 1967 in Seoul, South Korea, by Chung Ju-yung. It has no Israeli founding history, no Israeli-origin brand acquisition, and no legacy Israeli operational entity 20. The Chung family holds significant but minority stakes in Hyundai Motor Company through cross-shareholding structures characteristic of the South Korean chaebol model.

Headquarters & Legal Domicile:
Hyundai Motor Company is legally domiciled and operationally headquartered in Seoul, South Korea (231 Yangjae-daero, Seocho-gu). No dual or legacy Israeli headquarters exists 1720.

Controlling Principals — Chung Family:
Chung Eui-sun was appointed Executive Chairman of Hyundai Motor Group in October 2020 33, succeeding his father Chung Mong-koo. The Chung family retains control through a web of cross-shareholdings characteristic of the South Korean chaebol governance model 3445. The Korean Fair Trade Commission’s annual chaebol ownership disclosure confirms that the Chung Eui-sun family group’s major disclosed holdings are in South Korean entities: Hyundai Motor Company, Hyundai Mobis, Kia Corporation, Hyundai Glovis, Hyundai Engineering & Construction, and Hyundai WIA 45. No personal Israeli investment vehicles, Israeli company shareholdings, or Israeli family-office positions are identified in the Korean FTC disclosure or in publicly available sources for Chung Eui-sun or the Chung family as of the compilation date — based on training data; live FTC filing access was unavailable 45. No public evidence of personal Israeli investments by Honorary Chairman Chung Mong-koo has been identified; his known investment activities are South Korean in character.

Board of Directors:
Hyundai Motor Company’s board, as disclosed in its 20-F SEC filing 17, does not include Israeli nationals or individuals with identified Israeli institutional affiliations. Board members are drawn from South Korean academic, financial, and industrial backgrounds; none are identified as having material personal investment in Israeli companies or as representatives of Israeli capital.

Israeli-Nexus Floor — Assessment:
All four I-ECON foundational factors are absent: (1) not founded in Israel 20; (2) HQ and principal management not in Israel 1720; (3) no confirmed Israeli tax residency; (4) not beneficially owned or controlled by Israeli capital — controlling shareholders are the Chung family (South Korean) and South Korean/global institutional investors 173445. No Israeli-Nexus Floor is triggered on the foundational rubric.

State & Institutional Linkages:
No public evidence identified of Israeli state ownership of Hyundai Motor Company shares, Israeli government-appointed directors on Hyundai’s board, or designation of Hyundai as critical national infrastructure by the Israeli government. Hyundai’s government-adjacent institutional relationships are South Korean in character — principally the Korea Development Bank and the National Pension Service — not Israeli 17.

Structural Governance Features:
No public evidence identified of golden shares, founder shares, or charter provisions structurally tying Hyundai’s governance, strategic direction, or dividend policy to the Israeli state or to Israeli policy objectives 17.

Subsidiary Scope:
The principal entities within Hyundai Motor Group relevant to this audit are: Hyundai Motor Company (parent), Kia Corporation, Hyundai Mobis (components), and Hyundai Cradle (corporate venture). Boston Dynamics, acquired by Hyundai from SoftBank in 2021 7, is a US-domiciled robotics subsidiary; no Israeli nexus is identified in connection with that acquisition. No confirmed Israeli Defence Forces contract or deployment involving Boston Dynamics platforms is identified in available training data.

Profit Repatriation & Economic Contribution

Revenue Attribution:
Israel is not separately disclosed as a revenue line in Hyundai Motor Company’s segment reporting. The Middle East and Africa region is grouped together in geographic revenue disclosures 2021. No Israel-specific revenue figure has been publicly attributed by Hyundai in its annual report, 20-F SEC filing, or quarterly earnings presentations.

Profit Flow Architecture:
Hyundai Motor Group’s consolidated profits repatriate to South Korea as the domicile of Hyundai Motor Company. Revenue generated from vehicle sales in Israel accrues primarily to Delek Automotive Systems Ltd. as the franchise importer; a royalty or margin component flows to Hyundai Motor Company under the franchise agreement, the terms of which are not publicly disclosed in full 91046. The directional flow is: Israeli consumer market → Delek Automotive (Israeli entity, TASE-listed) → franchise payments to Hyundai Motor Company (South Korea). No evidence of profit flowing from Hyundai’s global operations into Israeli-domiciled controlling ownership 91017.

Venture Capital Returns:
To the extent that Hyundai’s equity stakes in REE Automotive, Innoviz Technologies, and StoreDot generate financial returns — through secondary sales, dividends, or mark-to-market gains — those returns would accrue to Hyundai Motor Company and Kia Corporation as the investing entities and repatriate to South Korea. No evidence of these stakes generating material recognised gains in available Hyundai financial disclosures has been identified. REE Automotive’s 2024 restructuring 42 introduces the possibility of impairment on that position rather than a gain.

Economic Ecosystem Role in Israel:
No public evidence identified of Israeli government designations or sector reports characterising Hyundai Motor Group as a key employer, sector anchor, or critical infrastructure provider within the Israeli economy. Hyundai’s indirect economic contribution to Israel occurs through: (a) Delek Automotive’s employment base and Israeli tax contributions as the franchise holder 910; (b) equity investment in Israeli technology startups providing growth capital to REE Automotive, Innoviz Technologies, and StoreDot 246; and (c) vehicle sales volume contributing to Israeli consumer market activity — notably Kia’s position as Israel’s top-selling automotive brand in 2023 18 and continued sales records in 2024 1938.

Evidence Gaps — Material to Profit Repatriation:
Two unresolved gaps are flagged as potentially material to a complete profit repatriation assessment: (1) whether Hyundai Capital (Hyundai Motor Group’s automotive finance arm) provides floorplan financing or retail credit products in the Israeli market through a Delek arrangement — if so, this would constitute an additional financial-services nexus not currently documented; and (2) the precise royalty and margin structure of the Delek Automotive franchise agreement, which is not publicly disclosed in full 910.

End Notes

  1. https://www.sec.gov/Archives/edgar/data/1800227/000119312522264031/0001193125-22-264031-index.htm ↩↩↩↩

  2. https://techcrunch.com/2021/01/12/hyundai-kia-invest-in-ree-automotive/ ↩↩↩

  3. https://www.reuters.com/technology/ree-automotive-spac-merger-2021-03-05/ ↩

  4. https://innoviz.tech/press-releases/hyundai-motor-group-and-innoviz-technologies-partner ↩↩↩↩

  5. https://innoviz.tech/press-releases/innoviz-wins-automotive-oem-lidar-contract ↩↩↩

  6. https://www.store-dot.com/blog/storedot-raises-60m-series-c ↩↩↩

  7. https://www.reuters.com/technology/hyundai-acquire-boston-dynamics-softbank-880-million-2021-06-21/ ↩

  8. https://whoprofits.org/company/hyundai/ ↩↩↩↩↩↩

  9. https://maya.tase.co.il/reports/details/company?companyid=1107924 ↩↩↩↩↩↩↩↩

  10. https://www.delek-automotive.co.il/en/investor-relations ↩↩↩↩↩↩↩↩↩

  11. https://en.globes.co.il/en/article-hyundai-kia-invest-in-ree-automotive-1001356789 ↩

  12. https://www.hyundainewsroom.com/news/article/detail?art_id=57834 ↩

  13. https://www.hyundainewsroom.com/news/article/detail?art_id=50023 ↩↩↩↩

  14. https://www.autonews.com/technology/storedot-raises-130m-battery-startup ↩↩

  15. https://www.gov.il/en/departments/news/autonomous-vehicles-testing-2021 ↩↩

  16. https://www.hyundai.com/content/dam/hyundai/global/en/data/sustainability/2023-sustainability-report.pdf ↩↩↩

  17. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=HYMTF&type=20-F&dateb=&owner=include&count=40 ↩↩↩↩↩↩↩↩↩

  18. https://en.globes.co.il/en/article-kia-hyundai-top-selling-cars-israel-2023-1001441222 ↩↩

  19. https://en.globes.co.il/en/article-kia-record-sales-israel-2024-1001466000 ↩↩

  20. https://www.hyundai.com/content/dam/hyundai/global/en/data/investor-relations/annual-report/2023-annual-report.pdf ↩↩↩↩↩↩

  21. https://www.hyundai.com/content/dam/hyundai/global/en/data/investor-relations/earnings/2023-q4-earnings.pdf ↩↩

  22. https://bdsmovement.net/ ↩

  23. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=REE&type=F-1 ↩

  24. https://www.ohchr.org/en/hr-bodies/hrc/sessions/database-business-enterprises ↩

  25. https://undocs.org/A/HRC/59/23 ↩

  26. https://dontbuyintooccupation.org/ ↩↩

  27. https://dontbuyintooccupation.org/ ↩↩

  28. https://paxforpeace.nl/publications/companies-arming-israel-and-their-financiers/ ↩↩

  29. https://whoprofits.org/publication/financing-the-land-grab/ ↩

  30. https://www.amnesty.org/en/latest/news/2023/technology-companies-occupation/ ↩

  31. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=INVZ&type=20-F ↩↩

  32. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=REE&type=20-F ↩

  33. https://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3083521 ↩

  34. https://www.keri.org/ ↩↩

  35. https://whoprofits.org/company/hd-hyundai-construction-equipment/ ↩

  36. https://techcrunch.com/2023/storedot-series-d/ ↩

  37. https://ir.innoviz.tech/ ↩↩↩

  38. https://en.globes.co.il/en/article-delek-automotive-sales-h1-2024 ↩↩↩

  39. https://en.globes.co.il/en/article-hyundai-kia-israel-post-october-2023 ↩

  40. https://www.hyundai-cradle.com/portfolio ↩↩

  41. https://www.corporateoccupation.org/companies/hyundai ↩↩↩↩

  42. https://www.reuters.com/technology/ree-automotive-restructuring-2024/ ↩↩↩

  43. https://www.hyundainewsroom.com/ ↩

  44. https://investigate.afsc.org/company/hyundai ↩

  45. https://www.ftc.go.kr/ ↩↩↩↩

  46. https://www.delek-group.com/en/investor-relations/ ↩↩

  47. https://www.koreaherald.com/ ↩

  48. https://www.store-dot.com/blog/ ↩↩

  49. https://ir.innoviz.tech/financial-information/annual-reports ↩↩↩

  50. https://www.nbim.no/en/responsible-investment/exclusion-of-companies/ ↩

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