Montgomery:Washington South Korean Ambassador to the United States Kang Kyung-wha has committed to enhancing cooperation with U.S. authorities to bolster bilateral investments. This commitment was emphasized with Hyundai Motor Group's latest investment in Alabama, which serves as a testament to the growing economic partnership between South Korea and the United States.
According to Yonhap News Agency, Kang made these remarks during a ceremony on Wednesday, which announced Hyundai Motor Manufacturing Alabama's plan to invest approximately $450 million in its Montgomery plant. The South Korean Embassy in Washington reported on the ambassador’s statements.
The ambassador praised Hyundai's presence in the United States as an "outstanding example" of the evolving South Korea-U.S. alliance. She noted that the partnership, which historically focused on security, has now expanded to include economic security and advanced technology cooperation.
Kang also mentioned that the investment would leverage South Korea's advanced manufacturing capabilities alongside America's innovation and market competitiveness. She emphasized that this collaboration would allow both countries to "shape the future of the automotive industry together."
Furthermore, Kang assured that the South Korean government would continue to work closely with U.S. federal, state, and local governments to support "mutually beneficial investments and economic cooperation."