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South Korea export-import financial institution to supply monetary assist of $2.7 billion to Hyundai Motor By Reuters 

© Reuters. FILE PHOTO: The brand of Hyundai Motors is seen on a steering wheel on show on the firm’s headquarters in Seoul

SEOUL (Reuters) – The Export-Import Financial institution of Korea stated on Thursday it signed a memorandum of understanding with Hyundai Motor Co to supply the South Korean automaker monetary assist price about 3 trillion gained ($2.7 billion) till 2023.

The state financial institution plans to supply monetary assist for Hyundai’s infrastructure funding in South Korea and overseas in addition to for mergers and acquisition, the financial institution stated in an announcement. It didn’t specify what type of monetary assist it plans to supply Hyundai.

($1 = 1,131.8900 gained)

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