Hyundai Motor Group’s Investment Plans for 2012

Hyundai Motor Group, led by South Korea’s largest automaker Hyundai Motor Company, announced today that it would invest a total of 14.1 trillion won* in 2012 as part of the Group’s largest investment and employment plan ever, mainly to boost its R&D competitiveness.

(*Equivalent to about US$12.2 billion, based on Dec. 28 foreign exchange rates in Seoul)

Hyundai Motor Group will invest 5.1 trillion won in R&D (compared to 4.6 trillion won in 2011) and 9 trillion won in facilities (compared to 7.6 trillion won in 2011). The total investment amount will be a 15.6 percent increase from this year’s 12.2 trillion won.

Of the amount to be invested in R&D, 4.6 trillion won, or 90 percent, will be spent on the automobiles sector, to accelerate the development of eco-friendly and fuel-efficient vehicles.

Of the investments in facilities, about 3 trillion won will be spent upgrading and building domestic and overseas manufacturing plants for Hyundai Motor and Kia Motors Corp., as well as strengthening their sales and aftersales service networks. Some 2.2 trillion won will be spent by the Group’s steel-related affiliates.

HYUNDAI VELOSTER WINS 2011 GOOD DESIGN AWARD

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HYUNDAI LAUNCHES INTERACTIVE RACING GAME ON NEW YORK TIMES SQUARE BILLBOARD

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HYUNDAI MEDIA WEBSITE WINS PRESTIGIOUS EPPY AWARD

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Entrepreneur JimPattison inspires a new generation with largest-ever gift in B.C. college sector

Okanagan College names Centre of Excellence for $2.5-million gift: Okanagan College announced Monday a $2.5-million donation from entrepreneur Jim Pattison. In recognition of his gift -- the largest private gift ever given to a college in BC -- the college's newest $28-million facility will now carry Pattison's name. Opened Monday, the Jim Pattison Centre of Excellence in Sustainable Building Technologies and Renewable Energy Conservation was built with $22.65 million from the BC and federal government. Shortly after the facility was announced, the Okanagan College Foundation kicked off a $5-million fundraising campaign to fund its portion of the project budget.
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HYUNDAI SONATA LEADS THE COMPETITION WITH BEST FUEL ECONOMY IN THE EPA LARGE CAR SEGMENT

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SIX HYUNDAI MODELS EARN 2012 IIHS TOP SAFETY PICK HONORS

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HYUNDAI VELOSTER NAMED “BEST ECONOMY CAR” BY BLOOMBERG

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HYUNDAI’S CPO PROGRAM WINS INTELLICHOICE AWARD FOR 2012 BEST OVERALL PROGRAM IN POPULAR BRAND CATEGORY

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HYUNDAI 1.6-LITER GAMMA ENGINE NAMED TO WARD’S 10 BEST ENGINES LIST

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December Hyundai Nanaimo Deals

ELANTRA RETAIL SALES SOAR TO NEVER-BEFORE-SEEN HEIGHTS

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HYUNDAI MOTOR AMERICA BREAKS ALL-TIME NOVEMBER SALES RECORD

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