Key facts
- Hyundai Motor Manufacturing Alabama plans to invest US$450 million to expand its plant.
- The investment aims to combine South Korean manufacturing capabilities with U.S. innovation.
- South Korean Ambassador Kang Kyung-wha vowed government support for bilateral investments.
South Korean Ambassador to the United States Kang Kyung-wha has pledged to strengthen cooperation with U.S. authorities to support bilateral investment, highlighting Hyundai Motor Group's US$450 million expansion of its Alabama plant as a key example of the evolving economic partnership between the two nations. The ambassador stated that the investment would combine South Korea's advanced manufacturing capabilities with America's innovation and market competitiveness. The South Korean government will work closely with U.S. federal, state, and local governments to continue supporting mutually beneficial investments and economic cooperation.