Hyundai Motor Group invested 10 trillion won in Saemangeum, a high-tech business such as robots, hydrogen, and AI

*This content was translated by AI.

Hyundai Motor Group will invest about 10 trillion won over the next five years in Saemangeum, Jeollabuk-do, to create a hub for future new businesses such as artificial intelligence (AI), hydrogen energy, and robotics. The investment is part of Hyundai Motor Group's previously announced investment plan of 125 trillion won in Korea, which will sign a memorandum of understanding with related organizations such as the Ministry of Trade, Industry and Energy, the Ministry of Climate and Energy, the North Jeolla Province Special Self-Governing Province and the Saemangeum Development Authority as early as this week.

The core of the project is the establishment of a "future industrial complex cluster" that utilizes Saemangeum's large land and abundant sunlight. Hyundai Motor Group plans to build a high-power AI data center here to integrate and manage autonomous driving and robot learning data. It is also considering manufacturing large-scale water electrolysis plants that produce green hydrogen by decomposing water into electricity, robot finished products, and establishing foundry plants.

In particular, energy efficiency is maximized by applying the principle of 'Jisan Branch' that directly procures locally produced renewable energy. It is also expected to have a synergy effect of expanding the hydrogen value chain throughout the Jeonbuk region in connection with the production base of hydrogen commercial vehicles at Hyundai Motor's Jeonju plant. The government and local governments have decided to provide policy support such as simplifying licensing procedures and building infrastructure for the smooth implementation of this project.

Hyundai Motor Group plans to revitalize the economy in the southwestern region through this large-scale investment and secure technological leadership in the future mobility market. Saemangeum is considered the best location in terms of future expandability as it has a large site 140 times the size of Yeouido. The group predicts that this project will serve as an opportunity to strengthen global competitiveness in key new businesses such as AI and robots as well as contribute to the national economy.

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*This content was translated by AI.