End of Hyundai–Adaro Agreement and the Unfinished Case

Hyundai Motor Company and PT Adaro Minerals Indonesia Tbk (ADMR) end their agreement on the provision of aluminium supply which was previously stated in a Memorandum of Understanding (MoU) signed in 2022. ADMR stated that the termination was agreed between all parties, however, news emerged that Hyundai took this decision due to pressure from environmental activists who are part of ARMY, the fanbase of the world’s most beloved idol group, BTS. Regardless of the truth of this claim, the situation reminds us of the unfinished investigation conducted by the Corruption Eradication Commission (KPK) which concerns a GM of Hyundai. To subscribe please click here