August 2014 – Kinstellar’s team has successfully completed another major foreign direct investment project, advising South Korea’s Hyundai Mobis on the negotiation and conclusion of an investment agreement with the Government of the Czech Republic in support of a new automotive headlight plant in the Mošnov industrial zone in the Nový Jičín district. The company expects to create more than 900 direct jobs and to stimulate the creation of additional jobs at Mobis’ local subcontractors. Hyundai Mobis’ investment in the construction of the Mošnov plant will total CZK 4 billion (more than EUR 145 million).
The investment agreement with Hyundai Mobis was negotiated just a few weeks after the announcement of Nexen Tire Corporation’s investment of more than CZK 22 billion (more than EUR 800 million) which the Government of the Czech Republic approved last month and which represented the third largest FDI project in the Czech Republic. Kinstellar represented Nexen in the negotiation of its investment agreement with the Czech Republic.
Kinstellar’s team has extensive experience in advising on foreign direct investments. The team also advised on the largest South Korean investments in the region in recent years, including Hyundai Motors Corporation’s greenfield automotive assembly plant in the Czech Republic, Kia Motors’ investment in a greenfield automotive assembly plant in Slovakia and Hankook Tire’s investment in a manufacturing plant in Hungary.