Hyundai Motor Group announced on Sunday that it will invest 125.2 trillion won ($86.47 billion) in South Korea between 2026 and 2030 following Seoul’s finalization of a trade agreement lowering U.S. tariffs on South Korean vehicles from 25% to 15%.
This contrasts with investments of 89.1 trillion won made by Hyundai Motor and its group affiliate KIA Corp between 2021 and 2025, according to the group.
Two days after details of the trade agreement, which included South Korea’s commitment to spend $350 billion in vital U.S. industries, were made public, South Korean President Lee Jae-myung met with Hyundai Motor Group Chairman Euisun Chung and other business executives on Sunday.
“We are well aware of concerns about exports declining and domestic production shrinking due to U.S. tariffs of 15%,” Chung stated following the meeting.
Chung stated, “We will diversify export markets, increase exports from domestic factories, and more than double auto exports through new electric-vehicle factories by 2030.”
The organization will also support auto parts manufacturers affected by tariffs imposed by President Donald Trump.
According to the group, Hyundai would invest 50.5 trillion won ($35 billion) in AI and other potential business ventures, 38.5 trillion won in R&D, and 36.2 trillion won in skyscraper construction and production facility optimization.
