Trump: “Hyundai to invest 748.6 billion won in Georgia plant”

[Financial News] Hyundai Transys, an auto-parts affiliate of Hyundai Motor Group, plans to invest about 748.6 billion won in Georgia to expand its production facilities. Meanwhile, U.S. President Donald Trump mentioned the investment plan at a midterm campaign rally and highlighted the achievements of his economic policies.
According to foreign media reports on the 17th, President Trump said at a midterm campaign rally in Dalton, Georgia, on the 16th (local time), “Hyundai announced it would invest $560 million (about 748.6 billion won) to expand its plant in West Point, Georgia.”
The investment appears to refer to Hyundai Transys’s plan to expand its production facilities in West Point. Earlier, Georgia Governor Brian Kemp disclosed Hyundai Transys’s investment plan on the 8th.
According to an announcement from the state of Georgia, Hyundai Transys plans to modernize equipment at its existing Plants 1 and 2 and build a third plant. The plan is to expand production capacity for electrified powertrains used in hybrid vehicles.
As he cited examples of foreign companies investing in the United States, President Trump said, “Our country is doing very well under Republican leadership.”

[email protected] Kim Hyun-ji Reporter