Hyundai Motor Plans Record $16.7 Billion Investment In South Korea This Year
1. Hyundai increases domestic investment by 19%, totaling 24.3 trillion won. 2. 11.5 trillion won allocated for next-gen mobility, including electrification and hydrogen technology. 3. Domestic sales dropped 7.5%, while overseas sales decreased by 0.5% in 2024. 4. Chung warns about geopolitical risks; potential imposition of tariffs from the U.S. 5. Company earmarks 68 trillion won over three years for electric vehicle development.