Hyundai boosted its investment in the United States by $26 billion on the same day South Korean President Lee Jae Myung visited President Donald Trump at the White House.

In a Monday press release, Hyundai Motor Group announced that it would raise its planned investments through 2028 from the $21 billion pledged in March to $26 billion. The investments will focus on steel manufacturing, robotics innovation, and auto production.

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The White House hailed the investment in a post on X.

“That’s the Trump Effect!” the account posted, with a flying U.S.

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