Hyundai commits massive domestic investment following a new US trade deal aimed at strengthening global manufacturing and EV competitiveness.
Hyundai Motor Group announced plans to invest 125.2 trillion won, or about 86.47 billion dollars, in South Korea from 2026 to 2030. The commitment comes days after Seoul finalized a new trade agreement with Washington that lowers United States tariffs on South Korean automobiles from 25 percent to 15 percent.
The new investment plan represents a significant increase from the group’s previous 89.1 trillion won commitment between 2021 and 2025. The announcement followed a meeting between South Korean President Lee Jae Myung and Hyundai Motor Group Chairman Euisun Chung, who joined other major business leaders to discuss the implications of the revised tariff structure.
Addressing concerns about export competitiveness under the adjusted tariff regime, Chung said the group would expand global diversification efforts, increase exports from its South Korean factories, and more than double shipments of vehicles by building new electric vehicle factories by 2030. He added that the company would support local auto parts suppliers affected by President Donald Trump’s tariff policy.
Of the total domestic investment, the group plans to allocate 50.5 trillion won to artificial intelligence and other future technologies, 38.5 trillion won to research and development, and 36.2 trillion won to upgrading production facilities and constructing a new skyscraper.
The expanded investment underscores Hyundai Motor Group’s intent to strengthen its technological base and secure long term competitiveness as global trade dynamics continue to evolve.
