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[Apha Biz=(Chicago) Reporter Paul Lee] Hyundai Motor announced on the 13th that it has purchased 60 billion won worth of MMT (Money Market Trust) securities from its affiliate Hyundai Motor Securities.
The expiration date is December 12, and the interest rate is based on market interest rates. The cumulative investment in Hyundai Motor Securities is 2.22 trillion won.
The company explained the purpose of the transaction as "to ensure stable fund management and profitability."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
