South Korean company Hyosung intends to invest some USD 150 million in Romania to build a tire and airbag factory in the country. The investment could soon be launched, according to Romania's Economy, Trade and Business Environment Ministry.

The project was already discussed by the management of Hyosung Corporation with Lucian Isar, the delegate minister for the business environment, who was in Korea on May 21 and 22.

Hyosung is listed on the Seoul Stock Exchange, with a market capitalization of around USD 1.2 billion. The group has activities in textile, industrial materials, chemicals, heavy industry, construction, car imports and financial services. It is also known for the Hyosung bikes, which it no longer produces, after having sold the division to S&T.

editor@romania-insider.com