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)