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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Hyundai IBT establishes JV in UAE

  • PUBLISHED :June 21, 2017 - 16:01
  • UPDATED :June 21, 2017 - 16:01
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[DISCLOSURE] Hyundai IBT (048410) announced on June 21 that it has decided to establish Vitabrid MENA, a joint venture in United Arab Emirates, to enter Middle Eastern and North African market. 

The company will invest 138.60 million won (US$121,260) and own 24.5 percent stake. 

By Hwang You-mee (theinvestor@heraldcorp.com)

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