Global Infrastructure SherpaHyundai Motor Group to invest KRW 9 trillion in hydrogen and solar innovation hub in Saemangeum, South Korea
Hyundai Motor Group plans a KRW 9 trillion investment in a large innovation hub in Saemangeum, South Korea, starting 2026. The project will focus on hydrogen production and solar energy, aiming to establish a hydrogen ecosystem and gigawatt-scale solar capacity by 2035. This significant investment is expected to create approximately 71,000 jobs and substantially impact South Korea's renewable energy sector.
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The project is expected to generate significant economic benefits, with an estimated economic impact of around KRW 16 trillion and the creation of nearly 71,000 jobs, while strengthening South Korea’s position in the global renewable energy sector. Hyundai plans to invest around KRW 1 trillion to build a large Polymer Electrolyte Membrane (PEM) electrolyzer manufacturing plant. The company has allocated about KRW 1.3 trillion for solar power development in the Saemangeum region. The combination of hydrogen production and solar power will support the development of what Hyundai describes as an AI Hydrogen Smart City. This effort is part of Hyundai’s global RE100 commitment to run all of its operations using 100 percent renewable energy.
"Hyundai Motor Group has announced a major strategic investment"
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