- Minister Sung attends MOU signing ceremony for New Deal investment cooperation 2021-02-05
Trade, Industry and Energy Minister Sung Yunmo attended a memorandum of understanding (MOU) signing ceremony for New Deal investment cooperation in the areas of future cars and industrial digitalization at the Hyundai EV Station in Seoul, on February 4.
The government and private investors including Hyundai Motor Group, the Korea Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Advancement of Technology (KIAT) will invest a total of 200 billion won to the future car industry and digital transformation in the industrial sector.
Minister Sung, in his congratulatory remarks, said that he expects the fund to provide sufficient patient capital to innovative firms in the future car industry. He also said that the major policy objective for the Ministry in 2021 is to further promote industrial digitalization, smart green industrial complex projects, expansion of green energy, and transition to future mobility.