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Hyundai Signs MOU for Mobility Partnership in Indonesia’s Capital Relocation Project

Hyundai Signs MOU for Mobility Partnership in Indonesia’s Capital Relocation Project

SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, [...]

Hyundai Motor Signs Supply Deal with Indonesian Aluminum Producer

Hyundai Motor Signs Supply Deal with Indonesian Aluminum Producer

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Sunday it has signed a deal with an Indonesian aluminum company to secure a stable supply of the key material required in electric vehicle manufacturing. Hyundai Motor signed a memorandum of understanding with PT Adaro Minerals Indonesia Tbk for the partnership during the [...]

Indonesian Youth Parade Through Jakarta Streets in Korean Traditional Clothes

Indonesian Youth Parade Through Jakarta Streets in Korean Traditional Clothes

SEOUL, Aug. 29 (Korea Bizwire) — The Korean Cultural Center Indonesia on Friday hosted an event where participants paraded the streets wearing hanbok, the traditional Korean attire, in Jakarta. The participants strolled around major areas in Jakarta wearing hanbok, promoting the garment’s beauty and its symbolism of Korean culture to Indonesians. The center called for [...]

Hyundai, LG Secure US$710 mln Financing for Indonesia Battery Cell Plant

Hyundai, LG Secure US$710 mln Financing for Indonesia Battery Cell Plant

SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Group and LG Energy Solution (LGES) Ltd. have secured US$710 million in loans and guarantees for their joint project to build a battery cell plant in Indonesia, the companies said Monday. Hyundai and LG will receive the funds from five different international financial firms with a 10-year [...]