Hyundai Motor Group plans to invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, following a trade deal that reduces U. S. tariffs on South Korean cars from 25% to 15%.
This is an increase from their earlier investment of 89.1 trillion won from 2021 to 2025. South Korean President Lee Jae Myung met with Hyundai’s Chairman Euisun Chung after the trade deal was announced, which includes a commitment from South Korea to invest $350 billion in U. S. sectors.
Chung expressed concerns about potential export declines and outlined plans to diversify markets and increase domestic factory exports, as well as support auto parts makers impacted by tariffs. The investment will focus on AI, research and development, and production facility optimization.
With information from Reuters