US South Korea Trade agreement Archives

Hyundai To Invest $86.47Bn in South Korea

manjula@inspirepreneur.com.auNovember 17, 2025November 18, 202504 mins

Hyundai Motor Group Chairman Euisun Chung said the firm would now aim to diversify export markets, increase exports from domestic factories, and double auto exports through new electric-vehicle factories by 2030. According to the details, the Hyundai Group plans to invest 50.5 trillion won in AI and other future business opportunities, while 48.4 trillion won of the domestic investment will be allocated for research and development. Apart from this, the group will spend 36.2 trillion won on optimising production facilities and building a skyscraper.

US to Aid South Korea in Building Nuclear Submarines

manjula@inspirepreneur.com.auNovember 16, 2025November 18, 202506 mins

The South Korean government announced that the United States will help South Korea build nuclear-powered strategic submarines at a shipyard in Philadelphia run by South Korean conglomerate Hanwha. According to the details, South Korea already possesses about 20 submarines. However, all of them are diesel-propelled. Till now, only six countries currently possess nuclear-powered strategic submarines. They include the US, China, Russia, the UK, France and India.