Seoul, South Korea
Hyundai-Kia Automotive Group announced in July of 2009 that it will spend W4.1 trillion on sustainable car manufacturing projects. The company will invest in R&D and facilities construction to create a mass production system for ecological cars by 2012. Hyundai-Kia is also investing W500 billion to reduce carbon emissions at its existing factories. Hyundai Steel is building an integrated steel mill in Dangjin, which will benefit from an additional W23 billion in funding to hasten completion.
