Hyundai Motor Group, one of the leading automotive companies globally, revealed its plans to invest a record-breaking 24.3 trillion won in South Korea, representing a substantial 19% increase compared to the previous year. This investment is the largest-ever annual commitment by the group within the country. A significant portion of the investment, 11.5 trillion won, is allocated to research and development activities aimed at developing next-generation products, incorporating electrification, software-defined vehicles, and hydrogen-fuelled products. Additionally, 12 trillion won will be used for ordinary investments, focusing on adapting production lines to facilitate electric vehicle manufacturing and introduce new vehicle models. The announcement also highlighted around 800 billion won earmarked for strategic investments, particularly in the field of autonomous driving. The news of this substantial investment had a positive impact on the market, with shares of Hyundai Motor and Kia rising by 2.3% and 3.8% respectively, while the broader KOSPI market also experienced a slight increase of 0.1%.