SJR33 Summary

• Encourages the creation of a Center for Alabama-Korea Education and Economic Partnership to promote education, trade, economic, and workforce relationships between Alabama and South Korea.

• Recognizes South Korean industrial investment in Alabama, including Hyundai and Kia operations generating approximately $40 billion in annual regional cash flow and creating over 12,600 direct jobs in Alabama.

• Documents Hyundai Motor Manufacturing Alabama's 2014 economic impact: $260 million annual payroll, $2 billion total plant investment, and $6 billion in annual spending supporting Alabama-based businesses.

• Designates the existing Alabama-Korea Education and Economic Partnership (A-KEEP) organization in Montgomery as the foundation for establishing the new Center, with missions including multicultural education programs and bridging economic partnerships between the two regions.

• Senate adopted March 1, 2016; House adopted April 26, 2016.