Biden highlighted Hyundai's $10 billion commitment in the United States.

South Korea's SEOUL Hyundai's vow to invest at least $10 billion in electric vehicles and related technology in the United States was highlighted by President Joe Biden.

Biden said the US was prepared for any provocation delivered by Kim Jong Un before visiting US and South Korean troops monitoring the rapidly developing North Korean nuclear threat.

Hyundai is investing $5.5 billion in Georgia to build an electric vehicle and battery manufacturing.

Hyundai CEO Euisun Chung, who appeared with Biden on Sunday, said his business would invest additional $5 billion in artificial intelligence for autonomous vehicles and other technology.

"Electric vehicles not only help us meet our climate goals, but they also help create jobs," Biden stated. "They're also beneficial to business."

The significant investment by a South Korean corporation in the United States reflects how the United States and South Korea are transforming their long-standing military ties into a larger economic alliance.

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