SEOUL, Feb. 22 (Korea Bizwire) — The top diplomats of South Korea and Indonesia have agreed to continue to work on the joint development of a fighter jet, a project in delay due to Jakarta’s suspended payment for its share, Seoul’s foreign ministry said Thursday. The discussion took place between Foreign Minister Cho Tae-yul and [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korean food company Paldo Co. said Tuesday it will export the country’s traditional sweet rice beverage with halal certification to Indonesia as it aims to make a presence in the local halal food market. Paldo’s Birak Shikhye, usually served as dessert, will be available at discount store chains [...]
Jakarta, Nov. 8 (Korea Bizwire) – South Korea holds the top spot as the most desired destination for Indonesians to visit, with over 60 percent expressing that they find the country “suitable” as a model for their own nation’s development. A recent survey conducted by the Embassy of the Republic of Korea in Indonesia revealed that [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s leading mobile carrier KT Corp. said Wednesday it has signed an initial agreement with Indonesia’s state-owned telecommunications network Telkom Indonesia to cooperate for a smart city project in the Southeast Asian country’s new capital. Under the memorandum of understanding, KT will share its cutting-edge technologies on quantum [...]
SEOUL, Oct. 5 (Korea Bizwire) — The head of South Korea’s arms procurement agency has visited Indonesia to try to resolve Jakarta’s unpaid share of costs for a joint fighter jet development project, his office said Thursday. Eom Dong-hwan, minister of the Defense Acquisition Program Administration (DAPA), left for Indonesia on Wednesday and is expected [...]
SEOUL, Sept. 11 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Monday it plans to expand its production facilities in Indonesia, with an aim to start operations in 2026. KT&G currently has a tobacco manufacturing plant in Surabaya and plans to build another one in the Southeast Asian country. The new Indonesian [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, unveiled an electric vehicle adorned with Indonesia’s traditional batik pattern to commemorate the 50th anniversary of diplomatic ties between Seoul and Jakarta. Hyundai Motors Indonesia last week showcased the all-electric Ioniq 5 Batik edition at the Indonesia International Auto Show (GIIAS) in [...]
SEOUL, July 25 (Korea Bizwire) — POSCO International Corp. said Tuesday it signed a contract with the Indonesian government and its state oil company to search and extract oil and gas in the Southeast Asian country, as it bolsters the push for energy and resources development. The production sharing contract (PSC) with Jakarta and state-owned [...]
SEOUL, July 6 (Korea Bizwire) — LG Electronics Inc. said Thursday it has established its first overseas research and development (R&D) lab for home entertainment products in Indonesia as part of its efforts to accelerate its inroads into the Southeast Asian TV market. The 40,000-square-foot R&D lab in Cibitung, West Java, is located near LG’s [...]
SEOUL, July 3 (Korea Bizwire) — Indonesia has missed the deadline to provide South Korea a new payment timetable for the joint KF-21 fighter development project, Seoul’s arms procurement agency said Monday, renewing concerns over Jakarta’s commitment to the program. In May, Defense Acquisition Program Administration (DAPA) Minister Eom Dong-hwan said Indonesia had agreed to [...]