I know some people are okay with the aftermarket hitch hanging lower and others prefer the OEM hitch with the bumper cover inlay. But there is a third option, the aftermarket hitch with the bumper cover. I don't think it looks bad, just different. If I were pressed for a towing solution but couldn't find an OEM hitch, I'd consider it.
Here's a place advertising what appears to be the Curt (because of the round safety chain loops and a dual 4-way and 7-way Hopkins:
Bob stopped in and was met by Tony Horton. Actually, Tony has a lot of experience with the 2020 Telluride Tow Hitch installations and was happy to help!
www.enormis.net
It hangs lower than OEM hitch receiver but it still works and might provide a little more clearance. At the very least if you needed it now you could get the hard part done and then swap out the aftermarket hitch receiver for the OEM later if it really bugs you.
Just on cost this option saves you a couple hundred dollars.
Option 1 - All Kia
Kia OEM hitch
Kia OEM bumper cover
Kia 7-way only harness for $150 (or 4-way only harness)
Option 2 - All aftermarket
Curt, Draw-tite, Stealth, etc.
No bumper cover b/c it hangs lower
Aftermarket harness options
Option 3 - Hybrid (just a little more than all aftermarket)
Curt Hitch (13420) roughly $215
Kia Bumper Cover (S9F61 AU060) roughly $40-50
Aftermarket 4-way harness $40 with spliced $30 7-way plus wires and circuit breaker (or Kia 7-way $150 with 4-way $10 adapter)
The Kia OEM Hitch receiver does also come with a ball mount with no $10 ball, but if you don't already own one, you can buy a 2" square ball mount with ball for around $30.