Hyundai Motor Purchases Hyundai Motor Securities MMT Worth 60 Billion Won
Hyundai Motor Company announced on the 12th that it purchased MMT (Money Market Trust) securities worth 60 billion KRW from its affiliate Hyundai Motor Securities.
The maturity date is December 12, and the interest rate is based on the market rate. The cumulative investment amount in Hyundai Motor Securities is 2.22 trillion KRW.
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The company explained the purpose of the transaction as "for stable fund management and profitability enhancement."
This content was produced with the assistance of AI translation services.
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