- Hyundai Motor to invest KRW 2 trillion on commercial vehicle development and production until 2020
- New Pilot Center, Global Training Center expected in Jeon-ju plant
- 1,000 new jobs to be created following the increased capacity
Hyundai Motor announced today that it will invest KRW 2 trillion over the next six years to enhance its global commercial vehicle competitiveness.
KRW 1.6 trillion will be invested on developing new models and engines to strengthen global commercial vehicle competitiveness. Another KRW 400 billion will be invested on increasing production capacity of Jeon-ju plant from the current 65,000 units to 100,000 units by 2020.
As a result, Hyundai Motor expects to hire additional 1,000 employees to support the increased production capacity. Also, it plans to construct new Pilot Center and Global Training Center within Jeon-ju plant.
