SEOUL, Aug. 6 (Korea Bizwire) — Samsung E&A Co., a plant engineering arm of Samsung Group, said Wednesday it has won a 36 billion-won (US$26 million) order for the initial design and planning of a liquefied natural gas (LNG) project in Indonesia. Under a letter of award, the company will carry out front-end engineering design [...]
SEOUL, June 13 (Korea Bizwire) — South Korea and Indonesia have finalized a deal to slash Jakarta’s contribution to the joint KF-21 fighter jet project to 600 billion won (US$443 million), about one-third of the original amount, Seoul’s defense procurement agency said Friday. The two sides signed the agreement at an arms exhibition in Jakarta [...]
SEOUL, April 18 (Korea Bizwire) — A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won (US$7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said Friday. The consortium, which includes LG Energy Solution, LG Chem, LX International Corp. and other [...]
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 [...]