Czech delegation has left for South Korea in bid to secure $1.2bn Hyundai car plant project

09-01-2006

A Czech delegation left for South Korea on Monday for talks with representatives of the carmaker Hyundai, which is considering investing some 1.2 billion dollars into a new plant in Ostrava. In hopes of finalising a deal, apart from other incentives and tax breaks, the Czech delegation will present the government's plan to improve regional infrastructure and widen a highway reaching the border with Slovakia, where Hyundai has a subsidiary. The carmaker has said it will make a final decision this month.