Hyundai Motor Group to Invest KRW42 Trillion in South Korea's Yeongnam Region Over 10 Years; Kia Adds 4%
Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), plans to invest 42 trillion won in South Korea's Yeongnam region over 10 years beginning in 2026, according to a Friday release. The group will invest in AI-defined vehicle manufacturing, core components, AI-driven manufacturing, aerospace and space, and sustainable energy infrastructure. The investments aim to boost future growth, create employment, and support balanced development across Yeongnam, the release said. Shares of Kia added nearly 4% in recent trade.
Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), plans to invest 42 trillion won in South Korea's Yeongnam region over 10 years beginning in 2026, according to a Friday release.
The group will invest in AI-defined vehicle manufacturing, core components, AI-driven manufacturing, aerospace and space, and sustainable energy infrastructure.
The investments aim to boost future growth, create employment, and support balanced development across Yeongnam, the release said.
Shares of Kia added nearly 4% in recent trade.