SEOUL, March 24 (Korea Bizwire) — South Korean and Indonesian defense officials have reaffirmed their cooperation for a joint project to develop the KF-21 fighter jet, the South’s arms procurement agency said Monday. Seok Jong-gun, minister of the Defense Acquisition Program Administration (DAPA), and Donny Ermawan Taufanto, Indonesia’s deputy minister of defense, discussed the joint [...]
JAKARTA, Indonesia, Feb. 14 (Korea Bizwire) — At a bustling food expo in the heart of Jakarta, Indonesian shoppers eagerly sampled fresh strawberries flown in from Nonsan, South Korea. Among them was Ainna, a 30-year-old visitor, who proudly showcased a strawberry shortcake she had just purchased. Taking a bite, she remarked, “The combination of fresh [...]
SEOUL, Dec. 16 (Korea Bizwire) – Hyundai AutoEver Corp., the information technology affiliate of Hyundai Motor Group, said Monday it has established a joint venture in Indonesia to develop navigation maps for the Southeast Asian country and many others in the region. The new firm, named Terra Link Technologies, has been jointly established with India’s [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it plans to launch an electric vehicle (EV) charging subscription service for Hyundai customers in Indonesia this week. Starting Thursday, subscribers of the service will be able to use 518 chargers at 288 charging stations operated by Hyundai and its EV partner companies across [...]
SEOUL, Nov. 4 (Korea Bizwire) – In a significant nod to the growing global popularity of Korean instant noodles, Indonesia’s leading noodle manufacturer has unveiled a new Korean Ramyeon product line featuring K-pop sensation NewJeans, as international companies increasingly capitalize on the K-food phenomenon. Indomie, a subsidiary of Indonesian food giant Indofood and one of the [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s defense authorities on Friday approved a plan to reduce Indonesia’s contribution for a joint fighter jet development project to 600 billion won (US$440 million), about one-third of the original amount, the state arms procurement agency said. The Defense Project Promotion Committee endorsed the plan amid concerns over [...]
SEOUL, Aug. 5 (Korea Bizwire) — The industry ministry said Monday it has launched a shipbuilding training center in Indonesia to provide training programs for Indonesian workers seeking job opportunities in South Korea. The center, located in Serang, 78 kilometers west of Jakarta, will train around 30 to 40 workers for a three-month period, offering [...]
JAKARTA, Jul. 31 (Korea Bizwire) – In a significant shift in foreign investment patterns, South Korea has emerged as the third-largest investor in Indonesia for the second quarter of 2024, outpacing both the United States and Japan, according to recent government data. The Indonesian Investment Ministry reported that foreign direct investment (FDI) in the country reached [...]
SEOUL, Jul. 3 (Korea Bizwire) — Trade Minister Cheong In-kyo said Wednesday that South Korea hopes to expand economic ties with Indonesia in areas ranging from electric vehicles (EVs) to clean energy. Cheong made the remark during his visit to Jakarta, where he attended a ceremony marking the production of Hyundai Motor Co.’s electric vehicles [...]
SEJONG, May 22 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has shared ideas with Indonesia on expanding bilateral cooperation in the development of a stable supply chain for key minerals. Industry Minister Ahn Duk-geun met with Airlangga Hartarto, the coordinating minister for economic affairs of Indonesia, in Seoul to discuss ways to [...]