Hyundai-PIF investment accord

South Korean President Yoon Suk Yeol (R, rear), who is on a state visit to Saudi Arabia, claps as Hyundai Motor President Chang Jae-hoon (L, front) and Yazeed Alhumied (R, front), a deputy governor of Saudi Arabia's Public Investment Fund (PIF), exchange agreements on joint investment in auto production at a hotel in Riyadh on Oct. 22, 2023. (Yonhap)

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