The head of Hyundai Motor Company has expressed hope that South Korea and the United States will swiftly finalize follow-up talks on their agreement to implement tariffs of 15 percent on South Korean automobiles.

President and CEO José Muñoz said Thursday during Hyundai's CEO Investor Day event in New York that a lower tariff rate would benefit the automaker's bottom line.

During the event, Hyundai lowered its profit outlook for this year to six to seven percent, down slightly from its previous target of seven to eight percent. 

Muñoz said that the revised guidance was based on the 25 percent tariff rate that is currently in place but added that if the levy fell to 15 percent, Hyundai would be "close enough" to maintaining its earlier forecast. 

As for the recent detention of over 300 South Koreans in a U.S. immigration raid, the CEO said he hoped that South Korea and the United States would work out a "mutually beneficial" solution for skilled workers' short-term business travel to the U.S.

He added that many of the detained South Korean employees were working on the final calibration and testing of advanced battery production technology before their arrest in Georgia.