Headquarters in Yangjae-dong, Hyundai Motor Company, Seocho-gu, Seoul. Photo = News 1
Hyundai Motor Group, together with the government and financial industries, will set out to create a fund worth 200 billion won to foster the future car industry.
On the 4th, Hyundai Motor Group signed a’future car and industrial digital industry-financial new deal investment cooperation business agreement’ with government agencies, financial institutions, and policy fund management institutions at Hyundai Electric Vehicle (EV) Station Gangdong.
This business agreement was promoted by industry and finance to strengthen the competitiveness of future car parts technology and build an ecosystem for the future car industry.
Future car investment fund fundraising fund/ Photo = Hyundai Motor Company
The financial and industrial sectors that participated in this agreement will cooperate with each other to create a’future car industrial digital investment fund (future car investment fund)’ worth 200 billion won, which is a subsidiary fund of the policy-type New Deal Fund.
The Future Car Investment Fund consists of a total of three funds, including two corporate investment funds and an infrastructure investment fund, and the Hyundai Motor Group participates in the three funds with a total amount of KRW 30 billion, each of 10 billion won.
The corporate investment fund invests in domestic parts companies that develop new technologies to enter future car parts companies. The Infrastructure Investment Fund plans to invest in eco-friendly future vehicle infrastructure such as high-speed electric vehicle charging stations and hydrogen charging stations.
An official from Hyundai Motor Group said, “The future car investment fund will become a platform for internal combustion engine parts makers to prepare pollution-free and autonomous vehicle parts.” We look forward to recharging.”
On the other hand, at the signing ceremony, the Minister of Trade, Industry and Energy Seong Yun-mo, Eun Seong-soo Chairman of the Financial Services Commission, Dong-geol Lee, Chairman of the Korea Development Bank, Ki-Hong Seong, CEO of Korea Growth Finance, Yang-ho Jeong, Director of the Institute for Industrial Technology Evaluation and Management (KEIT), Yoo Ji-cheol, Director of the Institute for Industrial Technology Promotion (KIAT), Jeong-tae Kim, Hana Financial Group. The holding chairman, Cho Yong-byeong, chairman of Shinhan Financial Group, Yoon Jong-won, head of Industrial Bank of Korea, and Gong Young-woon, president of Hyundai Motor Company, attended.
Shin Hyun-ah, reporter at Hankyung.com [email protected]
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