Hyundai Motor Says Investment Details Pending for KRW42 Trillion Yeongnam Plan

MT Newswires Live
08/03

Hyundai Motor (KRX:005380) said it has not finalized the participating group companies or their respective investment amounts under its 42 trillion won investment plan in the Yeongnam region over the next 10 years.

The South Korean automaker issued the clarification following media reports by Digital Times and other outlets regarding plans to develop an autonomous vehicle hub in the region. Hyundai said it will disclose further details once finalized or within three months.

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