Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent

Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent

Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent In a first such move for Korea#39;s biggest automaker, Hyundai and the southwestern city of Gwangju agreed on Tuesday on a preliminary deal to jointly build a new factory which will have an annual capacity of 100,000 mini-SUVs starting in 2021.