Hyundai Motor Group Vice Chair Chang Jaehoon: "Saemangeum AI Valley Investment Proceeding Without Disruption"
Attends Democratic Party of Korea Mega Growth Special Committee meeting
Moves ahead with plans, including solar power SPC establishment
Hyundai Motor Group is accelerating efforts to advance the “Saemangeum AI (artificial intelligence) Valley.” It is pursuing an investment plan totaling 9 trillion won, including the establishment last month of a special purpose company (SPC) for large-scale energy supply.
Hyundai Motor Group Vice Chair Jaehoon Chang attended the “Jeonbuk Saemangeum On-site Meeting” on October 29 at the Saemangeum Energy Convergence Complex Comprehensive Support Center, hosted by the Democratic Party of Korea’s Mega Growth Special Committee. He explained the progress of the “Saemangeum AI Valley” development project and shared his views on what is needed to ensure its success.
Key government officials attended the meeting, including Democratic Party leader Kim Min-seok, Mega Growth Special Committee Senior Vice Chair Lee Kwang-jae, Jeonbuk Governor Lee Won-taek, Saemangeum Development and Investment Agency Administrator Mun Seong-Yo, National Science and Technology Advisory Council Vice Chair Lee Kyung-soo, Gunsan Mayor Kim Jae-jun, and Korea Rural Community Corporation President Kim In-jun. Hyundai Motor Group was represented by Vice Chair Chang and Hyundai Engineering & Construction CEO Lee Han-woo.
“Since announcing our investment in Saemangeum, we have been proceeding with our planned projects without disruption,” Vice Chair Chang said. “We will develop Saemangeum into a hub for Korea’s future industries, where renewable energy, AI data centers, robotics, and the hydrogen industry grow together.”
He added, “With the attention and support of the government and the National Assembly, investment from more companies can flow into Saemangeum, leading to the creation of new jobs and an industrial ecosystem and ultimately strengthening Korea’s competitiveness in future industries.”
In February, Hyundai Motor Group announced a vision to develop a 1.124-million-square-meter site (about 340,000 pyeong) in the Saemangeum area, with an AI data center (5.8 trillion won), a robot manufacturing and parts cluster (400 billion won), a water electrolysis plant (1 trillion won), solar power generation facilities (1.3 trillion won), and an AI hydrogen city (400 billion won). The group said it aims to transform itself into a “future technology company focused on robotics, AI, and energy solutions.”
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Since then, Hyundai Motor Group has established a dedicated organization for the projects and reorganized its implementation framework across fields including AI, robotics, and hydrogen. It has also participated in the government-led “Saemangeum-Jeonbuk Great Innovation Task Force (TF),” discussing permitting and licensing, policy support, and infrastructure development. To cultivate talent, it is also discussing the establishment of contract-based departments with Jeonbuk National University and the transition of educational programs at meister and specialized high schools with the Jeonbuk State Office of Education and other organizations.
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