Seoyeon E-Hwa Invests 37.9 Billion KRW in U.S. Subsidiary
[Asia Economy Reporter Kang Nahum] Seoyon E-hwa announced on the 10th that it will invest approximately 37.9 billion KRW in its U.S. automobile parts manufacturing subsidiary, Seoyon E-hwa Manufacturing Savannah.
This amount represents 5.43% of its equity capital, and the ownership stake will become 100% after the investment.
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The company stated that the purpose of the investment is "to prepare for the anticipated supply of automobile parts to the U.S. electric vehicle dedicated factory in the future, supporting the expansion of business in the North American region and enabling smooth response to the production plans of our clients."
This content was produced with the assistance of AI translation services.
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