SEOUL, July 25 (Korea Bizwire) — POSCO International Corp. said Tuesday it signed a contract with the Indonesian government and its state oil company to search and extract oil and gas in the Southeast Asian country, as it bolsters the push for energy and resources development. The production sharing contract (PSC) with Jakarta and state-owned [...]
SEOUL, July 6 (Korea Bizwire) — LG Electronics Inc. said Thursday it has established its first overseas research and development (R&D) lab for home entertainment products in Indonesia as part of its efforts to accelerate its inroads into the Southeast Asian TV market. The 40,000-square-foot R&D lab in Cibitung, West Java, is located near LG’s [...]
SEOUL, July 3 (Korea Bizwire) — Indonesia has missed the deadline to provide South Korea a new payment timetable for the joint KF-21 fighter development project, Seoul’s arms procurement agency said Monday, renewing concerns over Jakarta’s commitment to the program. In May, Defense Acquisition Program Administration (DAPA) Minister Eom Dong-hwan said Indonesia had agreed to [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group is set to commence the construction of an electric vehicle (EV) battery system plant in Indonesia, investing approximately US$60 million. Indonesia, along with Thailand, is emerging as a significant country in the EV industry within the Association of Southeast Asian Nations (ASEAN) region. While Japanese automakers [...]
SEOUL, May 3 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it is spending US$441 million to build a nickel refining facility in Indonesia as it pushes to beef up its supply chains of the key secondary battery material. The factory will be located in the Weda Bay industrial park on the northeastern island of [...]
SEOUL, March 8 (Korea Bizwire) — South Korean obesity clinic 365mc Hospital said Tuesday it has signed a joint venture agreement with Indonesia’s Mayapada Group to establish and operate a medical clinic in the Southeast Asian country. Under the terms of the contract, the two parties will open the 365mc Indonesia Clinic within the Mayapada [...]
SEOUL, Feb. 23 (Korea Bizwire) — POSCO International Corp., a major South Korean commodities trader, said Thursday it has won a bid to explore gas mines in Indonesia as it is stepping up to expand its energy and resources drive. A consortium involving POSCO International and Indonesian state-owned PT Pertamina Hulu Energy (PHE) obtained the [...]
SEOUL, Jan. 31 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest low-cost carrier, said Tuesday it has partnered with an Indonesian airport operator to develop new routes to the Southeast Asian country. Jeju Air has signed a memorandum of understanding (MOU) with the state-run PT Angkasa Pura 1 (AP1) to develop new routes from [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday a total of 41 Indonesian welders have arrived here to work at its shipyard on the southern coast. The Indonesians, who arrived Saturday, mark the single largest batch of foreign workers to come to South Korea since the government eased [...]
SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, [...]