JAKARTA, June 14 (Korea Bizwire) – There’s a new hallyu (Korean wave) trend surging in Indonesia. Locals are using Korean elements to produce their own versions of cultural content. It’s a new step forward from the existing hallyu phenomenon in which the public consumes pure content exported from Korea. According to the Korean Cultural Center in [...]
SEOUL, May 30 (Korea Bizwire) – A workshop to transfer South Korea’s fashion know-how to Indonesia will be held in the Southeast Asian nation this week, one of the event’s co-organizers said Monday. The Seoul-based ASEAN-Korea Center said it will co-host the event with Indonesia’s trade ministry. The ASEAN-Korea Center was launched by South Korea [...]
JAKARTA, May 27 (Korea Bizwire) – Indonesia is the second-largest producer of coffee in Asia, and the fourth-largest in the world. Brewed coffee brands from regions like Sumatra, Bali, and Java are well known among not only domestic but also foreign coffee enthusiasts. But contrary to popular practice, the county’s instant coffee market has become [...]
JAKARTA, INDONESIA, Mar. 28 (Korea Bizwire) – Today Qilin World Capital Ltd announces the launch of its non-recourse share finance product in Indonesia. Shareholders of publicly traded securities on the Indonesia Stock Exchange that are looking to create liquidity while maintaining a presence in the red hot Indonesian market are encouraged to contact Qilin for [...]
SEOUL, Feb.26 (Korea Bizwire) – Line, an affiliate of Naver that provides mobile messaging services, announced that it is setting foot in the Indonesian O2O (online to offline) market in alliance with a local motorcycle taxi service. ‘Go-JEK’, the Indonesian affiliate of Line, is the No.1 business in motorcycle taxi services. The company operates 200,000 [...]
SEOUL, Jan. 7 (Korea Bizwire) - South Korea’s sole aircraft manufacturer Korea Aerospace Industries Ltd. (KAI) said Thursday that it has signed a formal deal to jointly develop its next-generation fighter plane with Indonesia. The cost sharing agreement reached in Jakarta between KAI and Indonesia’s defense ministry calls for Jakarta to foot 20 percent of the [...]
SEOUL, Nov. 23 (Korea Bizwire) - Hyundai Engineering & Construction Co., a South Korean builder, said Monday that it has won a US$727 million deal to build a power station in Indonesia. The deal signed with CEPR, a local energy facility operator, called for Hyundai E&C along with Hyundai Engineering Co. to build a 1,000-MW coal-fired [...]
SEOUL, Aug. 3 (Korea Bizwire) — Nonghyup Financial Group Inc., South Korea’s fourth-largest banking group by assets, is considering buying banks in Indonesia and Myanmar in a bid to expand its overseas business and diversify its portfolio, the group’s chairman said Monday. Nonghyup Financial is the biggest state-run agricultural cooperative whose stakeholders include farms and [...]
ST. PAUL, Minn., Jul. 29 (Korea Bizwire) — H.B. Fuller (NYSE:FUL) announced today that the company broke ground on its future manufacturing facility in Surabaya, Indonesia. This future facility will strengthen H.B. Fuller’s network in the Asia Pacific region and will complement the products and technical service offered today by the company’s manufacturing facilities in [...]
SEOUL, Jun. 29 (Korea Bizwire) — Shinhan Bank, South Korea’s third-largest commercial bank by asset, said Monday that it has concluded a deal to acquire a controlling stake in an Indonesian bank as part of its efforts to beef up its overseas presence. Under the contract, Shinhan Bank buys 75 percent in Centratama Nasional Bank [...]