SOUTH KOREA: Hyundai plans $1bn US investment - report
Hyundai Motors plans to invest more than $1bn to set-up its first US-based manufacturing site, writes the UK's Financial Times (2/10/00). Citing Chung Mong-koo - Chairman and Chief Executive of South Korea`s largest auto-maker - the FT says that Hyundai had not yet selected a site but production was expected to begin in 2003.
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