S. Korea Asks Indonesia for Tax Incentives on Nickel EVs
South Korea is urging Indonesia to implement tax incentives for nickel-based electric vehicle batteries to help Hyundai maintain its market competitiveness. The request highlights the strategic economic partnership between the two nations regarding mineral resources and green technology.
Why it matters
Illustrates the global competition in the EV supply chain and the importance of mineral-rich nations in the transition to green energy.
June 30, 2026 | 1:00 pm SHARE URL berhasil di salin. South Korean Ambassador to Indonesia Yoon Soongu speaks to Jakarta Globe Corner host Iqbal Suwitamihardja in the Indonesia Stock Exchange on June 30, 2026. (JG Photo/Heru Andriyanto) Jakarta. South Korea is asking Indonesia to introduce tax incentives for the nickel-based battery and e-mobility industries as automotive powerhouse Hyundai wants to maintain competitiveness.
Balanced reporting on international trade negotiations and industrial policy.
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