Hyundai Motor chief attends economic forum in Washington amid US investment drive

Euisun Chung, executive chair of Hyundai Motor Group, attended the Semafor World Economy 2026 forum in Washington. He did not respond to reporters' questions on specific US investment plans upon arrival. The US is Hyundai Motor Group's largest export market.

Euisun Chung, executive chair of Hyundai Motor Group, entered a hotel in Washington, D.C., on Monday local time to attend the Semafor World Economy 2026. The annual forum, hosted by US digital media outlet Semafor, is positioned as a US counterpart to the World Economic Forum in Switzerland, gathering top global business leaders to discuss economic strategies and policy issues.

Chung did not respond to reporters' questions about specific US investment plans as he arrived at the venue, according to Yonhap News Agency and The Korea Times. He is expected to use the occasion to deepen ties with key figures in the US government and business sectors.

In a recent interview with Semafor, Chung reaffirmed the group's plan to invest a total of $26 billion in the US by 2028, highlighting robotics and physical artificial intelligence (AI) as key growth pillars.

The US remains Hyundai Motor Group's largest export market amid its expanding investment drive there.

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President Lee Jae Myung and Hyundai executives sign MOU for 9 trillion won Saemangeum AI, robotics, and hydrogen investment, with models of projects on display.
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Hyundai Motor Group invests 9 trillion won in Saemangeum for AI and robots

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Hyundai Motor Group announced a 9 trillion won investment in the Saemangeum area of North Jeolla Province to build an AI data center, robotics cluster, and hydrogen facilities. The initiative was revealed at an MOU signing ceremony attended by President Lee Jae Myung, who vowed strong government support. The project is projected to create about 70,000 jobs and generate 16 trillion won in economic value.

Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the hypercompetitive auto market. Beijing Hyundai, the joint venture with BAIC Group, stated it will open core capabilities in electrification and intelligent technologies, dispatch senior experts, and introduce the premium brand.

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South Korea's Finance Minister Koo Yun-cheol met senior executives from global investment and asset management firms in New York on Tuesday local time, the finance ministry said. The executives expressed hopes for stronger partnerships with South Korea. Koo stressed the country's openness to investment.

The top diplomats of South Korea and the United States will hold talks in Washington this week amid uncertainties over their trade deal following U.S. President Donald Trump's warning of a tariff hike. Foreign Minister Cho Hyun will meet one-on-one with U.S. Secretary of State Marco Rubio to discuss implementing summit agreements, including the trade deal. Cho is also attending a U.S.-led ministerial meeting on critical minerals supply chains.

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South Korea's National Assembly passed a special law to manage $350 billion in investments in the United States. The bipartisan vote resolved delays that prompted U.S. President Donald Trump to threaten higher tariffs. The legislation establishes a new corporation to oversee the projects.

No Japanese business executives will attend the China Development Forum (CDF) in Beijing this week amid ongoing diplomatic friction with China, according to an internal list seen by the South China Morning Post. Nearly 80 top executives from foreign firms, mainly from the US, are set to join the two-day event. Some Middle East CEOs cancelled due to the Iran war disrupting travel.

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