On the 27th, President Yoon Suk-yeol expressed strong support for Hyundai Motor Group's significant investment in the Saemangeum region, emphasizing its potential to bolster South Korea’s global competitiveness in artificial intelligence (AI) and robotics. Speaking at the investment agreement ceremony held at the Saemangeum Convention Center in Gunsan, Jeollabuk-do, he highlighted that this investment would redefine the economic landscape of the Honam region. Hyundai plans to invest approximately 10 trillion KRW by 2030 in developing facilities related to future core businesses such as AI, hydrogen, and robotics, marking a pivotal step in transforming Saemangeum into a hub for advanced industries.

President Yoon pointed out that the Saemangeum area spans approximately 140 times the size of Yeouido, coupled with excellent sunlight exposure and robust logistics and transportation infrastructure. He conveyed confidence that Hyundai Motor Group’s innovative capabilities and abundant resources could create optimal synergy in this region, positioning it as a land of opportunity. The government aims to support this initiative by lowering regulatory and administrative barriers to encourage corporate investments further, stating that this investment should serve as a prime example for businesses seeking regional expansion.

Previously, in November last year, Hyundai Motor Group announced plans to invest a total of 125.2 trillion KRW in South Korea over the next five years, making Saemangeum a focal point within this broader investment strategy. The investment agreement ceremony was attended by key figures, including Chairman Euisun Chung of Hyundai Motor Group, local government officials, and community members, marking the beginning of significant corporate engagement with the region.