SEOUL, May 7 (Korea Bizwire) – Indonesia, which had agreed to share a portion of the development costs and receive technology transfers for South Korea’s KF-21 fighter jet, has recently proposed paying only about a third of its originally committed share while also accepting a reduced level of technology transfer, according to sources familiar with the [...]
SEOUL, Apr. 26 (Korea Bizwire) - Indonesia’s stunning victory over his native country of South Korea in the Olympic men’s football qualifiers Thursday night in Qatar left head coach Shin Tae-yong with mixed feelings. “I am really pleased and happy. This feels great,” Shin said after Indonesia eliminated South Korea in the quarterfinals of the [...]
SEOUL, Apr. 23 (Korea Bizwire) — A team of South Korean experts will visit Indonesia this week to provide training for conservators in the cultural heritage sector in the Southeast Asian country. The on-site technical training will take place at the conservation office situated in Borobudur, the largest Buddhist temple in the world, located in [...]
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 [...]