Aspek Hukum Investasi Dalam Pembangunan Pabrik Sel Baterai oleh PT Hyundai LG Indonesia (HLI) Green Power di Indonesia

Abstract

One of the driving factors of Indonesia's economic growth is investment, both domestically and abroad. Through Law Number 25 of 2007 concerning Investment, as amended in part by Law Number 6 of 2023 concerning the Stipulation of Government Regulation in Lieu of Law Number 2 of 2022 concerning Job Creation into Law, the government has enacted laws that support the investment climate, including the application of the principle of non-discrimination from the World Trade Organization (WTO) to facilitate licensing through the Online Single Submission (OSS). A notable example is the joint venture between South Korea's Hyundai Motor Company and LG Energy Solution, which established PT HLI Green Power, a battery cell plant for electric vehicles in Indonesia, categorized as horizontal Foreign Direct Investment (FDI). This research method uses a normative legal approach, with analysis based on laws and regulations, especially Law Number 25 of 2007 concerning Investment, and related scientific literature. The results of this study indicate that investments made by foreign companies bring economic benefits, technology transfer, increased skills of local workers, and support Indonesia's development goals in the electric vehicle ecosystem. Bilateral relations through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) strengthen this framework of cooperation, with dispute resolution mechanisms regulated both nationally and internationally. The conclusion of this study is that the policies and strategic steps taken by the government have succeeded in attracting foreign investors and providing a positive impetus for Indonesia's long-term economic development.