Hyundai Motor Company Decides to Halt Production at Jeonju Plant
[Asia Economy Reporter Minji Lee] Hyundai Motor Company announced on the 4th that it will halt operations at its Jeonju plant to enable flexible production supply in response to declining market demand.
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The sales revenue from the production suspension area amounts to 2.8596 trillion KRW, accounting for 2.7% compared to the sales revenue in 2019. The company stated, "This production suspension decision will help maintain appropriate inventory levels," and added, "The scheduled date for resuming production is the 11th."
This content was produced with the assistance of AI translation services.
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