Hyundai Motor will open its first plant in Kedah state, Malaysia next year with an investment valued at 500 million USD, the Malaysian Government has announced.

An expert of the Republic of Korea (RoK) has expressed his optimism about the future of the RoK - Vietnam relations, and said the ongoing State visit by his country’s President Yoon Suk Yeol could probably provide a catalyst for the future progress of bilateral relations.

President Nguyen Xuan Phuc on December 5 received representatives of large enterprises of the Republic of Korea (RoK) operating in Vietnam, as part of his State visit to the Northeast Asian country.

Thanh Cong Group and Hyundai Motor co-held a ground-breaking ceremony for an automobile manufacturing facility which has designed capacity of 100,000 units per year, in the northern province of Ninh Binh on September 20.

The Thanh Cong Group and Hyundai Motor on May 12 presented 10 ambulances worth 10 billion VND (429,000 USD) to medical clinics on the frontlines of the COVID-19 fight.

The Indonesian subsidiary of the Korean automaker Hyundai Motor and Grab Indonesia, an app-based ride-hailing firm, plan to debut the Hyundai Ioniq Electric in Jakarta early next year.

The Republic of Korea’s two leading auto manufacturers, Hyundai Motor Co. and Kia Motors Corp, have announced a target of selling a combined 7.6 million cars in 2019 and an additional 250 million USD in Grab, a ride-sharing company in Southeast Asia.

Leaders of major groups and smaller businesses from the Republic of Korea (RoK) will join President Moon Jae-in on his state visit to Singapore this week, the Korea Trade-Investment Promotion Agency (KOTRA) said on July 9.

The Republic of Korea (RoK)’s Hyundai Motor said it is considering building a car plant in Southeast Asia with Indonesia and Vietnam being possible locations.

Prime Minister Nguyen Xuan Phuc received Hanoi on April 20 Nakamura Norimichi, Governor of Nagasaki prefecture, who is visiting Vietnam with a business delegation.

Thanh Cong Group on March 30 signed a cooperation agreement with the Republic of Korea’s Hyundai Motor Company on forming a venture to expand the assembling of automobiles in Vietnam.

President Tran Dai Quang received Hyundai Motor Vice Chairman Chung Eui-sun on March 28, asking the group to support its Vietnamese partner in personnel training and technology transfer, and increase the rate of domestically made content in its products.