Business expansion
Stredne Slovensko; Zilinsky kraj;
Location of affected unit(s)
Krasno nad Kysucou
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

240 jobs
Number of planned job creations
Job creation
Announcement Date
19 January 2017
Employment effect (start)
Foreseen end date
31 December 2018


South Korean Hyunnam, based in Krasno nad Kysucou, is expanding its business and is creating 240 new jobs. Hyunnam has been active in Slovakia since 2014, when the company invested about €12 million in building a new production plant there. Presently, the company employs 600 workers who produce components for South Korean car manufacturing companies operating in Slovakia and in the Czech Republic. About 30% of the production is supplied to Kia Motors in Zilina, and about 70% to Hyundai in Nosovice. The new investment will amount to about €17 million and the production in the new hall is scheduled to start at the end of 2017. The Slovakian Government is supporting the investment through state aid amounting to €5.9 million. The major part of the state aid will be in the form of tax breaks.


  • 19 January 2017: Krasno nad Kysucou
  • 8 February 2017: Hospodárske noviny


Eurofound (2017), Hyunnam, Business expansion in Slovakia, factsheet number 90261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90261.