Hyundai Motor and KOICA to Invest 5 billion Won in Ghana by 2030… Strengthening Maintenance Training

*This content was translated by AI.

Hyundai Motor has officially launched the "Hyundai-KOICA NextGen" project in partnership with the Korea International Cooperation Agency (KOICA) to comprehensively improve the automotive maintenance training environment in Ghana and begin systematic training of local professionals.

The two parties announced that they held a launch ceremony on the 3rd (local time) at the Al Lisa Hotel in Accra, Ghana, attended by key stakeholders. This project was established to substantially expand employment and entrepreneurship opportunities for young people in Ghana. Hyundai Motor and KOICA will jointly invest a total of 5 billion won over five years through a 50-50 matching fund arrangement up to 2030. The on-the-ground implementation of the project will be carried out by Plan International Korea and Plan International Ghana, international humanitarian development NGOs.

According to the specific business plan, both institutional investors will establish two automotive maintenance training centers equipped with state-of-the-art practical repair workshops. Construction on these training centers is scheduled to begin in the second half of this year, with completion targeted for 2027. They aim to become sustainable hubs for maintenance technology education capable of independent operation locally. In parallel, the curriculum for technical and vocational education and training (TVET) institutions, which have traditionally focused on internal combustion engine vehicles, will be significantly restructured to align with Ghana's automotive industry growth. The curriculum will now include cutting-edge training in eco-friendly future vehicle maintenance technologies such as hybrid and electric vehicles. Newly developed courses are expected to receive official certification from the Commission for Technical and Vocational Education and Training (CTVET) of Ghana and will be utilized for professional workforce development.

Furthermore, to support stable employment and entrepreneurship among local youth, a multi-faceted support system will be established, including scholarship disbursements, internship linkages, annual regular job fairs, customized entrepreneurship training, and specialized consulting services. It is projected that a total of 405 individuals, including local youth and teachers, will directly benefit from these initiatives. Hyundai Motor plans to use this Ghana project as a starting point to expand the "Hyundai NextGen" global project to multiple countries in the future. The company aims to contribute to the development of the global automotive industry and the creation of youth employment through maintenance technology education tailored to each country's educational environment and industrial characteristics.

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*This content was translated by AI.