Hyundai secures state support for $5.9B Saemangeum mobility hub

Hyundai Motor Group has signed a major agreement with South Korean state-run banks to advance its $5.9 billion project aimed at transforming the Saemangeum area into a future mobility powerhouse. The preliminary deal with the Korea Development Bank, Industrial Bank of Korea, and Export-Import Bank of Korea paves the way for financial and policy support tied to crucial strategic industries, including artificial intelligence, robotics, and hydrogen technologies. Hyundai plans to roll out phased in