Hyundai Motor Plans $86 Billion Investment In South Korea After US Trade Deal

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.

- Advertisement -

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.

- Advertisement -
Loading form…
Vidushi Saxena
Vidushi Saxena
Vidushi Saxena is a Journalist at EFY, with a strong interest in news reporting, in-depth research, and developments shaping the business and technology landscape.

Industry's Buzz

Image for representation purpose

Japanese Semiconductor Companies Expand India Presence

0
Japan’s semiconductor companies are expanding equipment, materials, technology and training ties with India as the country builds its chip manufacturing ecosystem and addresses supplier...
LG logo

LG To Supply Integrated Cockpit Electronics For Renault’s First Commercial SDV

0
LG Electronics will supply Renault’s first mass-produced commercial SDV with a unified instrument cluster and infotainment platform, helping consolidate cockpit electronics and reduce system...
Intel

Intel and Applied Materials Team Up to Accelerate Next-Gen AI Chip Processors

0
Founding partnership at Silicon Valley’s EPIC Centre targets advanced Foveros 3D packaging, power delivery, and transistor engineering. Intel Foundry and Applied Materials have entered into...
Samsung

Samsung System LSI To Retreat From Automotive APs, Prioritise Higher-Margin Chips

0
Samsung System LSI is reportedly scaling back its in-house automotive AP business to focus on higher-margin image sensors and mobile SoCs, as it seeks...
Ericsson

Ericsson Ramps Up Indian Antenna Production for Global Exports to Europe

0
The Swedish OEM expands local manufacturing ecosystem, turning India into an export hub for 5G and AI-ready antenna systems. Swedish telecommunications giant Ericsson has announced...

Learn From Leaders

Does India’s Chip Packaging Growth Need Local Materials At Scale?

0
What will it take for specialised semiconductor materials manufacturing to grow in India? Packaging volumes will be a key factor as OSAT facilities move...
Ronak Kumar Samantray, Founder, TM2Space Technologies Pvt Ltd.

“Our goal is to build data centres in space.” – Ronak Kumar Samantray, TM2Space

0
A space startup aims to build orbital data centres, letting users run AI models and store data on satellites while also supplying satellite hardware...

India’s Photonics Puzzle Is Finally Coming Together 

0
Can India turn its scattered photonics capabilities into a stronger industry? A new association aims to connect the ecosystem and strengthen the domestic value...
Jin Bains, CEO, Mini-Circuits

Mini-Circuits CEO Jin Bains on Navigating High-Frequency Component SWaP-C Constraints, Emerging Markets, and Career...

0
In this exclusive, Jin Bains, Chief Executive Officer (CEO) of Mini-Circuits, explains in a conversation with Dilin Anand of EFY about areas of emerging...

India Needs Not a Hundred, But Thousands of Chip Diversified Companies 

0
Can India build a semiconductor ecosystem beyond fabs? Indiesemic believes thousands of diversified chip companies are needed to make that possible. India’s semiconductor push is...

Startups

PowerMon

Aquaexchange Brings Monitoring And Automation To Shrimp Farming

0
The startup has developed an AI- and IoT-enabled platform that helps shrimp farmers manage farms, access financing, monitor operations, and connect with markets. The startup...

Drone-Like Aircraft For Logistics From BluJ Aerospace

0
Hyderabad-based BluJ Aerospace is developing indigenous electric and hydrogen-powered vertical take-off and landing (VTOL) aircraft for remote cargo transport. BluJ Aerospace, a Hyderabad-based aerospace startup...
Jash Jetly, Co-founder and CEO of EVE

“The cloud isn’t the only way to run AI. We’re proving it can happen...

0
A startup is building a decentralised AI and communication network that runs across everyday devices instead of centralised cloud servers. In an interview, Jash...
Mohit Gupta, founder and CEO, TYLsemi

Building AI Chips, One Block at a Time 

0
What if building an AI chip became as simple as assembling reusable blocks? The startup is working to make custom silicon accessible beyond the...
Seema Johar, Co-Founder and Product Director, Compcarta Solutions Pvt Ltd

“We Let Designers Focus on Innovation, Not Infrastructure.”- Seema Johar, Compcarta Solutions

0
In an exclusive interview, Seema Johar of Compcarta speaks with EFY’s Akanksha Sondhi Gaur about why setting up an EDA environment can be harder...