Hyundai Motor Group will invest an all-time high of 24.3 trillion won ($16.4 billion) in Korea in 2025, with almost half of them for research and development (R&D) to boost the domestic mobility environment.

South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record 24.3 trillion won ($16.65 billion) this year to ensure growth as it navigates political turmoil as well as U.

Hyundai Motor Group (HMG) announced this week it is lifting its planned investments in South Korea by 19% to KRW24.3trn (US$16.6bn) in 2025, the largest annual increase ever in its home base, as it looks to step up new technology development and manufacturing to meet the challenges of a rapidly evolving global automotive market.

South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record high of 24.3 trillion won ($16.65 billion) this year to secure future growth even as it grapples with economic and political uncertainties.