Hyundai Motor Group Chairman Chung Euisun to Visit Singapore as Early as Next Week

Chairman Chung Eui-sun

[Asia Economy Reporter Changhwan Lee] Chung Euisun, Chairman of Hyundai Motor Group, is expected to visit Singapore as early as next week. This will be his first overseas business trip since assuming the chairmanship.

According to industry sources on the 20th, Chairman Chung is expected to visit the construction site of the Singapore Global Innovation Center (HMGICS) as early as next week to check on the progress.

Chairman Chung had been traveling abroad until early last year, but refrained from overseas business trips after the spread of the novel coronavirus infection (COVID-19).

HMGICS, scheduled for completion by the end of 2022, is an open innovation lab that researches and demonstrates the entire customer automobile lifecycle value chain, from ordering, production, test driving, delivery, to service.

In October last year, Hyundai Motor Group held a groundbreaking ceremony for HMGICS by connecting Hyundai Motor and Kia Namyang Research Center with Jurong Town Hall in western Jurong, Singapore via video conference.

HMGICS will be built in the Jurong Innovation District of Singapore on a site of 44,000㎡ (approximately 13,000 pyeong), with a total floor area of 90,000㎡ (27,000 pyeong), and will be a seven-story building.

Hyundai Motor Group plans to demonstrate a system where customers can order cars online via smartphones, and the cars will be produced and delivered immediately using on-demand production technology.