INDONESIA: Hankook tyre investment confirmed
South Korea's Hankook Tire will invest US$1.2bn in the tyre industry in Indonesia, confirming an earlier unsourced report. The country's investment agency, which expects up to $10bn of investment from South Korea in the next four years, will issue the firm a permit in December, leading to groundbreaking for a manufacturing plant by the end of next year, industry minister MS Hidayat said.
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