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Daewoo Shipbuilding Launches 2nd Submarine for Indonesian Navy

Daewoo Shipbuilding Launches 2nd Submarine for Indonesian Navy

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, [...]

New Type of Korean Wave Rises in Indonesia

New Type of Korean Wave Rises in Indonesia

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 [...]

Qilin World Capital Ltd Share Finance Facility Available in Indonesia

Qilin World Capital Ltd Share Finance Facility Available in Indonesia

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 [...]

Indonesia’s Motorcycle ‘Call Taxi’ Service to be Provided Through Line

Indonesia’s Motorcycle ‘Call Taxi’ Service to be Provided Through Line

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 [...]

KAI inks Deal to Jointly Develop Next-Generation Fighter with Indonesia

KAI inks Deal to Jointly Develop Next-Generation Fighter with Indonesia

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 [...]

Hyundai E&C Wins US$727 mln Deal to Build Power Plant in Indonesia

Hyundai E&C Wins US$727 mln Deal to Build Power Plant in Indonesia

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 [...]

Nonghyup Financial Eyes Indonesian, Myanmar Banks

Nonghyup Financial Eyes Indonesian, Myanmar Banks

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 [...]