It is now confirmed that Hyundai Motor Company will invest US$1.5 billion in the development of car manufacturing facility in Indonesia after President Joko ‘Jokowi’ Widodo visiting the company’s factory in Ulsan, South Korea yesterday afternoon. Hyundai will start with US$700 million of investment next month or January 2020. It is indeed a good news for the economy, despite criticism over the 20-year tax incentives granted to materialize the investment.To subscribe please click here
