Kim Ji-won to Boost Boston Dynamics Stake to 25% via Additional Investment

Hyundai Motor Group Chairman Kim Ji-won is advancing a plan to inject 1200 billion won in personal funds to increase his stake in Boston Dynamics to around 25%, potentially accelerating the group's physical AI business development and Boston Dynamics' IPO preparations. Industry sources report discussions about acquiring SoftBank's 9.65% stake through a proportional split with existing holdings, which would restructure ownership to HMG Global at 62.5%, Kim at 25%, Hyundai Glovis at 12.5%. The SoftBank stake purchase is estimated at $320 million, with HMG Global, Kim, and Hyundai Glovis expected to cover $200 million, $80 million, and $40 million respectively. Kim's cumulative investment in Boston Dynamics now exceeds 8 trillion won, following his 2021 2.389 trillion won investment and subsequent equity participation.