South Korea and Japan are ramping up efforts to establish a global hydrogen ecosystem through joint public and private sector initiatives, Pulse News reported Friday.
Hyundai Motor Group, the parent company of Hyundai Motor (KRX:005380) and Kia (KRX:000270), and Japan's Toyota Motor (TYO:7203), will support a bilateral cooperation event from March 10 to March 12, aimed at fostering hydrogen industry collaboration, the report said, citing industry sources.
Shares of Hyundai Motor and Kia fell nearly 1% in recent trade on Monday.
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