Bringing research talent together to drive synergy Funded by five affiliates, completion slated for 2030
Hyundai Motor Group will invest around KRW 8 trillion to build a research hub near Wirye New Town in Seongnam, Gyeonggi Province, to oversee future businesses such as artificial intelligence (AI) and software.
On the 24th, Hyundai Motor announced via a regulatory filing that its board of directors had resolved to invest KRW 2,888.5 billion to establish the “HMG Future Complex.” Kia and Hyundai Mobis will also inject KRW 2,363.4 billion and KRW 1,988.0 billion, respectively. Including investments from Hyundai Steel (KRW 516.4 billion) and Hyundai Rotem (KRW 460.8 billion), the total capital contribution by the group to this facility amounts to approximately KRW 7,328.0 billion.
With additional investments expected from other affiliates, the total investment is projected to expand to around KRW 8 trillion. The capital will be paid in installments over about five years from May–June this year through December 2030. It will be used for land acquisition, building construction, and related purposes. Completion is scheduled for 23 December 2030. The new corporation will be established next month.
The facility, to be built north of Bokjeong Station in Songpa-gu, Seoul, near Wirye New Town in Seongnam, Gyeonggi Province, is planned as a large-scale space dedicated to AI and software research and development (R&D). The Bokjeong Station area, connecting Songpa-gu and Seongnam, is a key hub in the southeastern metropolitan area, where large-scale mixed-use development is currently under way.
Hyundai Motor Group’s strategy is to accelerate its transition into a “physical AI company” by bringing together research personnel in these fields, who are currently dispersed across affiliates. The group’s software workforce is now spread across locations including the Namyang R&D Center in Hwaseong, Gyeonggi Province; Uiwang (Hyundai Mobis, Hyundai Rotem); and Pangyo in Seongnam (AVP Division). Once the new research facility is completed, AI and software development organizations from each affiliate are expected to be consolidated there.
Choi Won-young
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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