'Gwangju job project' to establish joint venture with Hyundai Motor to create up to 12,000 jobs in city
- 5 years ago
The so-called 'Gwangju job project' has finally received the green light.
It paves the way for the establishment of a joint venture with Hyundai Motor.
It means South Korea's biggest automaker can build its first factory in the southwestern city in over two decades.
The Gwangju City Council will sign the deal this afternoon.
The project is garnering a lot of attention as it's the first investment model initiated by a city council instead of the central government.
According to the deal,... Hyundai Motor will produce mini-SUVs in Gwangju from 2021.
With an annual capacity of 100-thousand vehicles,... it's expected to create 10 to 12-thousand new jobs in the city.
It paves the way for the establishment of a joint venture with Hyundai Motor.
It means South Korea's biggest automaker can build its first factory in the southwestern city in over two decades.
The Gwangju City Council will sign the deal this afternoon.
The project is garnering a lot of attention as it's the first investment model initiated by a city council instead of the central government.
According to the deal,... Hyundai Motor will produce mini-SUVs in Gwangju from 2021.
With an annual capacity of 100-thousand vehicles,... it's expected to create 10 to 12-thousand new jobs in the city.