South Korean manufacturer to invest another $157M, create 240 new jobs in Memphis
In 2019, the Economic Development Growth Engine for Memphis and Shelby County approved Hyosung Hico’s 11-year payment-in-lieu-of-taxes (PILOT) incentive. (Sophia Surrett/The Daily Memphian)
The $157 million expansion includes a new facility at its Memphis campus at 1865 Riverport Road.
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Hyosung HICO Manufacturing TNECD EDGESophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She has been with The Daily Memphian since July 2023, first starting as a business reporter covering various beats. Now, she covers food, restaurants, and hospitality and tourism.
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