Hyundai Mobis
On February 16, 2021, Iowa Public Employees' Retirement System removed Hyundai Mobis from its Iran Prohibited Companies List.
--
As of December 2020, Rhode Island continues to list Hyundai Mobis as an Iran scrutinized company for active involvement of at least $50 million in Iran's energy sector. The company's minority-owned subsidiary, Hyundai Motor lists several distributors in Iran.
--
Hyundai Mobis is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.
--
On May 15, 2020, the IPERS identified Mobis on its Iran Prohibited Companies List.
--
On January 20, 2020, Minnesota SBI listed Mobis as a scrutinized investment. The managers are explicitly instructed to refrain from purchasing securities on this list.
--
As of August 15, 2019, the state of Iowa listed Hyundai Mobis on its Iran scrutinized companies list.
--
In 2018 the U.S. state of Iowa listed Hyundai Mobis on its Iran prohibited companies list rendering Hyundai Mobis ineligible for investment and/or state contracting.
“…Thus, to ensure strict compliance with local laws and regulations, we are strengthening our relevant response systems. We keep track of any regulatory changes and certifications and incorporate them into the policies governing Hyundai Mobis and its products. We have also established detailed strategies to reflect them into business processes and products, while sharing any changes with relevant departments, and incorporating them rapidly into our practice.
As a result, there are no ongoing or planned projects with Iran.” (7/31/2020)
Receive Iran News in Your Inbox.
Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.