Invest KOREA

Korea’s second biggest auto part maker Hyundai Wia Corp. will be integrating its R&D forces in its new development center in Uiwang, Gyeonggi Province to singularize and maximize its R&D capabilities for future mobility.

Hyundai Wia said on Monday the 130-strong lab forces in Hwaseong, 26 kilometers off from Uiwang, will move to the new base in January.

Hyundai Wia’s technology development team has been divided into two - one in charge of high-tech all wheel drive cars and powertrains in Hwaseong and the other responsible for motors and control systems in Uiwang.

Hyundai Wia purchased a land of 36,363 square meters near its Uiwang R&D center at 64.5 billion won ($58.8 million) from its sibling company Hyundai Rotem last year and sold off Hwaseong center site for 26 billion won to Hyundai Powertech last month. “The integration of the R&D team would help maximize the synergy to secure new growth engine,” said an official at the company.


Hyundai Wia Uiwang R&D center

By Kim Jung-hwan and Lee Ha-yeon

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (Nov. 21, 2017)