SK Group will invest 18.5 trillion won to build facilities that can annually produce up to 30,000 tons. It plans to start supplying the gas starting in 2023 in the greater Seoul area to power 200,000 hydrogen fuel cell cars.
Hyundai Motor Group will invest 11.1 trillion won for hydrogen car research and development while installing more charging stations.
Meanwhile, POSCO will spend 10 trillion won to find methods of harnessing hydrogen instead of coal during steel production.
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