GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Hyundai Unveils $86 Billion Investment in South Korea

Hyundai Unveils $86 Billion Investment in South Korea

Post by : Bianca Haleem

Hyundai Motor Group has unveiled a substantial investment plan of 125.2 trillion won ($86.47 billion) for South Korea, spanning from 2026 to 2030. This initiative aims to bolster domestic manufacturing and global competitiveness, coinciding with a recent US-South Korea trade agreement that lowers US tariffs on South Korean vehicles from 25% to 15%.

The planned funding exceeds the previous commitment of 89.1 trillion won ($61 billion) between 2021 and 2025, illustrating an intensified commitment to innovation and output.

The investment will be allocated strategically with 50.5 trillion won dedicated to artificial intelligence and emerging business fields, 38.5 trillion won for research and development, and 36.2 trillion won focused on enhancing production facilities, along with the construction of a prominent skyscraper.

Hyundai’s Chairman, Euisun Chung, noted the company's goal of diversifying export markets and boosting local manufacturing capabilities. The group aims to more than double electric vehicle exports by 2030 with new EV factories, simultaneously aiding local auto parts providers affected by previous US tariffs.

This decision exemplifies Hyundai's strategic vision to align domestic growth with global market expansion, ensuring that South Korea remains a core hub for automotive innovation while addressing trade-related obstacles.

Nov. 17, 2025 12:40 p.m. 2333
Global News Share Market

More Trending News

Featured Stories

NHTSA Investigates 1.2 Million Tesla Cars for Suspension Issues
July 31, 2026 6:21 p.m.
The NHTSA has started a probe into 1.2 million Tesla Model 3 and Y vehicles due to suspension failures affecting steering control.
Read More
Qatar Launches National Referral System to Combat Human Trafficking
July 31, 2026 4:32 p.m.
Qatar launches a National Referral System to combat human trafficking, improve victim protection, strengthen coordination, and support investigations
Read More
Chinese Restaurant's 'BBQ Musk' Lookalike Attracts Mass Attention
July 31, 2026 3:33 p.m.
A restaurant owner in China, resembling Elon Musk, has gone viral, drawing crowds and boosting business at his eatery.
Read More
Ukraine Drone Strikes Set Two Wildberries Warehouses on Fire
July 31, 2026 2:40 p.m.
Drone attacks by Ukraine hit two Wildberries warehouses in Russia, causing fires, one injury, evacuations, and further disruption to the retailer's operations
Read More
Israel Destroys Hezbollah Tunnel Network in South Lebanon
July 31, 2026 11:50 a.m.
Israel says it destroyed a major Hezbollah tunnel system in southern Lebanon using 700 tons of explosives after an alleged ceasefire violation
Read More
GCC Passport Chiefs Meet in Riyadh to Boost Regional Cooperation
July 31, 2026 11:15 a.m.
Saudi Arabia hosted the 41st GCC passport chiefs meeting in Riyadh to discuss passport services, operations, and stronger regional cooperation
Read More
Military Deployed to Ceuta as Migration Crisis Unfolds
July 31, 2026 10:56 a.m.
Spain's military is assisting at Ceuta's border following a surge of migrants from Morocco, with nine confirmed fatalities amid the chaos.
Read More
Qatar Warns Against Unlicensed Eatless Slimming Product
July 31, 2026 10:08 a.m.
Qatar warns against the unlicensed Eatless slimming product after detecting sibutramine and phenolphthalein, urging the public to avoid buying or using it
Read More
Israeli Airstrikes Hit Gaza Mosque, Kill One and Injure Dozens
July 30, 2026 12:50 p.m.
Israeli airstrikes hit a Gaza City mosque killing one person and injuring dozens Separate attacks and land seizures were also reported in Gaza and the West Bank
Read More
Sponsored
Trending News
Embracing Life's Unpredictability: Trust in Your Journey

Embracing Life's Unpredictability: Trust in Your Journey

Explore how embracing life's uncertainties and trusting the process can lead to growth and new oppor
June 26, 2026 12:59 p.m. 1042
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 1301
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 1174
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 1242
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 1727
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 1094
Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika Mandanna was seen helping Vijay Deverakonda during a scholarship event in Telangana, sparki
June 15, 2026 6:13 p.m. 1100
Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Russian attacks on Kyiv and Kharkiv leave nine dead and dozens injured, including rescue workers and
June 15, 2026 2:51 p.m. 996