Lee meets Hyundai Motor chief for possible investment talks
President Lee Jae Myung has met Hyundai Motor Group Executive Chair Euisun Chung in a closed-door meeting, sources said Thursday, with the two likely discussing investment matters. The meeting on Wednesday was presumed to have focused on Hyundai's prior pledge to invest 9 trillion won ($6.6 billion) to establish an industrial hub for artificial intelligence (AI), robots and energy in the…
President Lee Jae Myung convened with Hyundai Motor Group Executive Chair Euisun Chung on Wednesday, sources indicated, to potentially discuss investment opportunities. The closed-door meeting in Brazil's Sao Paulo was reportedly centered around Hyundai's earlier commitment to invest 9 trillion won ($6.6 billion) towards constructing an artificial intelligence (AI), robotics, and energy industrial hub in the Saemangeum reclaimed area on South Korea's southwestern tip by 2029.
It's also believed that the discussion encompassed Hyundai's role in Korea's high-profile megaproject investment drive, which aims to foster a burgeoning semiconductor industry and AI data center facilities. This meeting follows previous interactions between President Lee and executives from Samsung Electronics and SK Group, all apparently aiming to bolster similar sectors.
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- Lee meets Hyundai Motor chief for possible investment talks koreatimes.co.kr
- Lee meets Hyundai Motor chief for possible investment talks en.yna.co.kr
