Chung Eui-sun, Hyundai Motor Group executive chairman, speaks as (from left) U.S. President Donald Trump, Louisiana Gov. Jeff Landry and Hyundai Motor Company CEO Jaehoon Chang look on in the Roosevelt Room of the White House on March 24. (Pool via AP)
KEN MORIYASU
WASHINGTON -- South Korean automaker Hyundai Motor Group is investing $21 billion in the U.S. over four years to bolster local car production, including opening its first steel mill in the country.
Speaking at the White House on Monday, U.S. President Donald Trump touted the move as the direct result of his tariff policy.