Hyundai plans $1.6 billion Indonesia plant; gets approval for new Seoul HQ

By:

HYUNJOO JIN

By:

Reuters

November 27, 2019 08:05 AM

SEOUL -- Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market.

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