Hyundai Motor Group will invest an all-time high of 24.3 trillion won ($16.4 billion) in Korea in 2025, with almost half of them for research and development (R&D) to boost the domestic mobility environment.

South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record 24.3 trillion won ($16.65 billion) this year to ensure growth as it navigates political turmoil as well as U.

The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products, electrification, software-defined vehicles, hydrogen-fuelled products and other technology.