UPDATE 1-Hyundai to borrow $473 mln for Czech plant

Newswire

SEOUL, April 1 (Reuters) - Hyundai Motor Co , South Korea's top auto maker, will borrow 300 million euros ($472.7 million) from Export-Import Bank of Korea (KEXIM) to build a plant in the Czech Republic, the bank said on Tuesday. The lending comes as global financial markets feel the pinch from a credit crunch stemming from the U.S. subprime mortgage crisis. "Hyundai Motor requested the loan and we decided the financial aid," a KEXIM official told Reuters by telephone, declining to give ...

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