Sejong to invest over 24 million USD in Karvina

South Korean firm Sejong has announced that it is going to invest more than 520 million Czech crowns or 24 million US dollars into a plant in the north Moravian town of Karvina. The facility should employ 250 staff and supply exhaust pipes and shock absorbers to Korean carmaker Hyundai, which is opening a large car-making facility in the nearby town of Nosovice.