Financial industry officials said Thursday that a consultative body made up of the Korea Development Bank, Industrial Bank of Korea, Korea Credit Guarantee Fund, Export-Import Bank of Korea, Korea Trade Insurance Corp. and Korea Technology Finance Corp. is expected to sign a memorandum of understanding with Hyundai Motor Group on April 6.
Hyundai Motor Group in February unveiled a large-scale plan to invest a total of 9 trillion won in Saemangeum to create a growth hub spanning artificial intelligence, robotics and energy. The plan includes an AI data center (5.8 trillion won), a robot manufacturing and parts cluster (400 billion won), a water electrolysis plant (1 trillion won), solar power generation (1.3 trillion won) and an AI hydrogen city (400 billion won).
The policy finance group is expected to draw up support measures tailored to each institution’s role for the project.
* This article has been translated by AI.
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