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Philippines offering tax incentives for Hyundai to assemble Ioniq Hybrid locally

Reported on May 12, 2021, the Philippine government is expecting Hyundai to assemble the Ioniq Hybrid in the Philippines. This was after the DTI’s Board of Investments met with the Embassy of the Republic of Korea in the Philippines, the Embassy of the Republic of the Philippines in South Korea, and the DTI’s Foreign....

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