31.May.2021: Hyundai Motor sells Chinese plant after missile shield spat
K-News Bulletin
English - May 31, 2021 01:00 - 2 minutes - 2.01 MBDaily News News korea korea news korea joongang daily korea newspaper english newspaper south korea republic of korea 한국뉴스 헤드라인뉴스 headline news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: May.28.2021: Finance minister pledges major green investment
Hyundai Motor sold its first factory in China, which once symbolized its aggressive expansion into the market, after years of sales held hostage by geopolitics.
The automaker agreed to sell its Plant 1 in Beijing to the government of Shunyi District, a satellite city of Beijing, according to industry sources and multiple media reports both in Korea and China.
“It is true that Hyundai Motor is pushing to sell the Beijing factory to the Shunyi District government,” said an industry source with knowledge of the sale.
Full Article: https://koreajoongangdaily.joins.com/2021/05/30/business/industry/Hyundai-Motor-China-Li-Xiang/20210530180500734.html