SEOUL, Sept. 22 (Korea Bizwire) — POSCO Engineering & Construction Co. said Friday it has broken ground for two high rises in a central business district in Jakarta. The construction arm of South Korea’s top steelmaker POSCO said the buildings will be constructed at a cost of about US$300 million. The buildings are scheduled to [...]
JAKARTA, Aug. 29 (Korea Bizwire) — A South Korean-made submarine has arrived at a port of the Indonesian Navy’s Eastern Fleet in Surabaya after 16 days of sailing from South Korea, the country’s Navy said Tuesday. The arrival of the new submarine, the KRI Nagapasa 403, on the previous day came after South Korea’s Daewoo [...]
SEOUL, Aug. 11 (Korea Bizwire) — The Korea Tourism Organization has extended an official invitation to the top three contestants in the 2017 Miss Muslim Indonesia (Puteri Muslimah Indonesia 2017). The women will arrive in Korea on August 12 and will culminate their stay on August 17. While here, they will tour attractions that are [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korean President Moon Jae-in on Wednesday vowed to upgrade his country’s relations with Indonesia and other Southeast Asian nations to the level of its ties with the world’s most powerful countries. “I am very happy to see that South Korea-Indonesia relations are expanding,” Moon said, according to his [...]
SEOUL, March 16 (Korea Bizwire) – SM Entertainment will hold auditions in Indonesia to scout talent for its “NCT” idol group project, the nation’s top entertainment agency said Wednesday. Company founder Lee Soo-man unveiled the plan for its first-ever talent audition in Indonesia at a South Korea-Indonesia business summit in Jakarta the previous day. “Last [...]
SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia. Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]
SEOUL, Dec. 20 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s largest food company, said Tuesday it has completed two animal feed plants in Indonesia as part of efforts to expand its presence in the Southeast Asian market. One plant located in Central Java’s Batang has a 260,000-ton annual capacity of feed for chickens and [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s Shinhan Bank said its Indonesian unit, Bank Shinhan Indonesia (BSI), has completed a merger with another Indonesian bank in the latest move to seek a new growth engine in the world’s fourth most populous country. BSI won an approval from the Indonesian financial authorities for its plan [...]
GEOJE Island, South Korea, Oct. 24 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, launched a 1,400-ton diesel submarine on Monday for the Indonesian navy, a company official said. The submarine is the second of the three submarines being built under a 2011 deal worth US$1.1 billion. In March, [...]
SEOUL, Oct. 5 (Korea Bizwire) – South Korea will introduce its traditional food to Indonesians this week in a fair designed to promote its charm and taste worldwide, a government ministry said Wednesday. The four-day event, titled “2016 Indonesia Jakarta K-food Fair,” is to open on Thursday at a local hotel, according to the Ministry [...]