Hyundai Motor Group to Invest approximately $27.4 Billion in South Korea's Yeongnam Region Over 10 Years, Building AI Autonomous Driving and Aerospace Hub Hyundai Motor Group will invest 42 trillion won (approximately $27.4 billion) in South Korea's Yeongnam region over the next 10 years, converting Ulsan, Daegu, and Changwon into an advanced industrial belt encompassing AI-based future vehicles, aerospace, and energy industries. This serves as a key pillar concretizing the group's domestic 125 trillion won (approximately $81.7 billion) investment blueprint into regionally specialized hubs, alongside the previously announced 9 trillion won (approximately $5.9 billion) Saemangeum investment. At the "Yeongnam Region Advanced Industry Development Vision National Report" meeting presided over by President Lee Jae-myung in Jinju, South Gyeongsang Province, on the 3rd, Hyundai Motor Group Vice Chairman Chang Jae-hoon stated, "In the Yeongnam region, we plan to invest 42 trillion won over the next 10 years not only in AI-based advanced autonomous mobility and core component manufacturing, but also in new businesses such as manufacturing AI, the aerospace industry, and energy infrastructure." At the forefront of this Yeongnam investment plan is the Ulsan electric vehicle (EV) plant, scheduled to begin operations in the fourth quarter of this year. Hyundai Motor Group will develop this facility into an AI-based advanced autonomous vehicle (AI DV) manufacturing hub. AI DV refers to a next-generation vehicle concept where onboard AI autonomously learns from data and assesses road conditions to drive. The group aims to secure leadership in the global future vehicle market by advancing autonomous driving technology at Level 4 or above, considered equivalent to robotaxi capability. Ulsan is also being transformed beyond a future vehicle manufacturing base into a strategic hub for the hydrogen industry. A hydrogen fuel cell plant is being established with a target operation date of 2028, becoming South Korea's first