Speaking of Asia

Hyundai in Singapore is a peep into the future

The Korean carmaker's plan to build electric vehicles here shows a grasp of not just tech but also market and even geopolitical trends

ST ILLUSTRATION: MANNY FRANCISCO

"South Korea also must seek to fully partner with Asean as the Fourth Industrial Revolution gathers momentum. The country has led the Bloomberg Innovation Index in recent years and has much to offer the region as it copes with change. The new landscape of automation and additive manufacturing offers Korean companies opportunities to look beyond traditional investment destinations based on market size and wage-competitiveness to a new climate where efficient logistics and expertise in high-tech manufacturing will be key." - Speaking of Asia, June 2017.

Since this thought was offered in these columns more than three years ago, I have pushed it at several forums in South Korea, including the Jeju Forum and World Knowledge Forum.

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A version of this article appeared in the print edition of The Straits Times on October 23, 2020, with the headline 'Hyundai in Singapore is a peep into the future'. Subscribe