Hyundai Glovis Purchases 50 Billion KRW Worth of Securities from Hyundai Motor Securities

[Asia Economy Reporter Park Jihwan] Hyundai Glovis announced on the 22nd that it purchased 50 billion KRW worth of marketable securities (MMT) issued by Hyundai Motor Securities.

The purpose of the transaction is stable fund management and profitability enhancement. The securities issuance date is January 22, and the maturity date is April 21.