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South Korea says it flagged Hyundai US investment plan concerns
South Korea questions Hyundai's $26 billion U.S. investment amid ongoing trade talks, citing concerns it may weaken Seoul's negotiating position, officials said.
- On Monday, South Korea's Industry Minister Kim Jung-kwan said Seoul expressed concerns over Hyundai Motor announcing a $11.6 billion U.S. investment last month amid delicate talks with Washington, two weeks after a Georgia factory raid.
- Amid rising U.S. tariffs, Hyundai co‑CEO Jose Munoz announced plans to produce over 80 per cent of U.S. sales in the U.S. by 2030, lawmaker Kim Jong-min said Hyundai aimed to gain favour with the Trump administration.
- Seoul has locked horns with Washington over $350 billion in U.S. investments, while Hyundai Motor's parent group in March announced a $21 billion U.S. plan with President Donald Trump.
- Industry Minister Kim Jung-kwan said Hyundai Motor's conduct was deeply regrettable, adding `I believe that Hyundai now fully understands the Korean public sentiment`.
- Hyundai announced in August plans to increase investment to $26 billion following President Donald Trump’s summit with South Korean President Lee Jae Myung, and the Georgia factory raid led to hundreds of arrested workers.
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South Korea flags Hyundai US investment amid trade tensions
On the Dash: Hyundai’s $11.6 billion U.S. investment plan drew concern from Seoul due to ongoing U.S.-South Korea tariff talks. The timing of the investment follows a Georgia factory raid and could weaken South Korea’s negotiating position. Hyundai plans to produce over 80% of U.S. vehicles domestically by 2030, aligning its strategy with tariff policies. South Korea’s government raised concerns over Hyundai Motor‘s announcement of expanded U.S…
Coverage Details
Total News Sources7
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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