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Hyundai pledges $400m to support suppliers


Hyundai Motor Group, whose flagships are Korea’s top automaker Hyundai Motor Co. and No.2 Kia Motors Corp., pledged Tuesday to provide over $400 million in support for its suppliers this year.

The group’s fresh commitment came at an annual ceremony where the group and its suppliers pledge to engage in fair trade practices.

This year’s event was also attended by 1,585 suppliers of Hyundai Motor and Kia Motors.

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