Hyundai Motor will invest nearly $86.5 billion in South Korea over the next five years

AASTOCKS
2025.11.17 06:06

Hyundai Motor stated that after finalizing the trade agreement with the United States and South Korea, the group will invest 125.2 trillion Korean won (USD 86.47 billion) in South Korea from 2026 to 2030, which is higher than the 89.1 trillion Korean won during the period from 2021 to 2025.

Last Sunday (16th), South Korean President Lee Jae-myung met with Hyundai Motor Chairman Chung Eui-sun and other business leaders. Chung Eui-sun stated that the company is very aware that after the United States imposed a 15% tariff, there would be a decline in exports and a contraction in domestic production. Therefore, Hyundai Motor will diversify its export markets, increase exports from domestic factories, and boost automobile export volume by more than double by 2030 through the newly established electric vehicle factory.

Hyundai stated that among the investments in South Korea, 50.5 trillion Korean won (USD 35 billion) will be used for AI and other future business opportunities, 38.5 trillion Korean won will be used for research and development, and 36.2 trillion Korean won will be used to optimize production facilities and construct skyscrapers

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