During his first visit to South Korea as U.S. president, Joe Biden met with Hyundai Motor Group Chairman Chung Eui-sun, praising the auto giant for its plans to invest billions in the U.S.

Chung had announced that Hyundai would spend some $10.5 billion to build an electric vehicle (EV) and battery plant in Georgia, an investment projected to create over 8,000 American jobs.