Hyundai Motor Group has committed to a substantial investment of 125.2 trillion won, equivalent to approximately 86.7 billion dollars, within South Korea by the year 2030. This initiative represents the largest domestic capital expenditure strategy in the history of the automotive conglomerate. The announcement follows a period of financial difficulty for the company, which recently reported a 30 percent decline in profits. This downturn has been attributed to significant operational disruptions across the Middle East region and the implementation of new tariff policies in the United States. Despite these external headwinds affecting its global earnings, the group is prioritizing long-term infrastructure and development projects within its home market to bolster its future industrial capabilities.
Source : The Korea Economic Daily
