I saw the GT version of this car race at korea few days ago.
because they don't have a decent engine supplier they lack power.
But the cornering speed was quite good.
Hyundai wanted to buy the entire company but they refused and tried to develop the car on a very low budget.(only about 20 workers)
Few weeks later they will compete with the porshe GT3 race cars but I think it would take some time to keep up with them.
Personally I don't like the design but I think it will give the korean motorsport a little boost.