Minister of Industry Participates Online in Completion Ceremony of Hyundai Motor Assembly Plant in Almaty, 'New Northern' Region

Sung Yoon-mo, Minister of Trade, Industry and Energy. / Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced that Minister Sung Yun-mo participated online on the 15th in the completion ceremony of the Hyundai Motor assembly plant held in Almaty, Kazakhstan.

On the Korean side, Hyundai Motor CEO Lee Won-hee attended, and on the Kazakhstan side, about 50 people including Prime Minister Askar Mamin and the Mayor of Almaty were present.

First, congratulatory speeches by Minister Sung and Prime Minister Mamin were broadcast online. Then, at the Hyundai Motor plant site, a ribbon-cutting ceremony to celebrate the completion and a tour of the assembly line by the attendees were held for one hour.

The Ministry of Trade, Industry and Energy stated that once this plant is fully operational, Hyundai cars with an annual production scale of 30,000 units will be produced in Kazakhstan, and about 700 jobs are expected to be created.

In his congratulatory speech, Minister Sung said, "I congratulate the completion ceremony of the Almaty Hyundai Motor assembly plant, which was carried out as a result of the Korea-Kazakhstan summit."

Previously, in April last year, when President Moon Jae-in visited Kazakhstan, a memorandum of understanding (MOU) was signed between Hyundai Motor and Astana Motors.

Minister Sung said, "This completion ceremony will reaffirm the economic partnership between the two countries and serve as a foundation to further strengthen mutually beneficial cooperation," adding, "Next month, the '9th Korea-Kazakhstan Economic Joint Committee' will be held to further elevate economic cooperation between the two countries."

This content was produced with the assistance of AI translation services.