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Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

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 [...]

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 [...]