SEOUL, May 18 (Korea Bizwire) — South Korean food and beverage giant SPC Group said Wednesday its bakery-cafe chain Paris Baguette has opened three more stores in Indonesia in a bid to expand its presence there. The new outlets, which opened in Jakarta and the adjacent city of South Tangerang, raised to seven the number [...]
SEOUL, May 4 (Korea Bizwire) — Major Korean refiner GS Caltex Corp. has joined hands with POSCO International Corp., the trading arm of steel giant POSCO, to strengthen its eco-friendly bio business. The two parties recently signed a memorandum of understanding to create a value chain from raw material refining to biochemical product production by [...]
SEOUL, May 2 (Korea Bizwire) — South Korea vowed Monday to strengthen the monitoring of palm oil supplies following Indonesia’s recent ban of its exports amid the continued crisis surrounding Ukraine. Indonesia, the world’s biggest palm oil producer, announced the ban on palm oil exports on April 28, citing a domestic supply squeeze following the [...]
SEOUL, May 1 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Sunday it received more than 1,500 orders for its all-electric IONIQ 5 in Indonesia, less than a week after releasing the prices. Hyundai Motor received 1,587 orders for the IONIQ 5 in Indonesia from April 22-27, more than doubling overall electric [...]
SEOUL, April 18 (Korea Bizwire) — A South Korean consortium led by LG has signed an initial agreement with Indonesia’s state-run companies to push for a project worth around US$9 billion to establish an electric vehicle battery supply chain in the Southeast Asian country, a LG unit said Monday. The nonbinding framework agreement was signed [...]
JAKARTA, Indonesia, April 4 (Korea Bizwire) – Gotrade - the investing app on a mission to make investing accessible to everyone, everywhere – has launched officially in Indonesia through a partnership with Valbury Asia Futures, a Bappebti licensed broker. Gotrade allows users to invest in US stocks without commissions or hidden fees Gotrade Indonesia marks its first [...]
SEOUL, Feb. 8 (Korea Bizwire) — Indonesia will carry out an irrigation modernization project that uses Korean technology to supply agricultural water to rice paddies. The Korea Rural Community Corporation (KRC) said Monday that it won an order for the design and supervision of irrigation modernization and emergency renovation work for a total of 143,000 [...]
JAKARTA, Indonesia, Jan. 20 (Korea Bizwire) — Nimbly Technologies today announced that Indonesia’s largest, award-winning wooden frame manufacturer, Astari Niagara, implemented Nimbly to digitalise their operations. With this, the company is able to optimise their production processes and improve their audit scores, leading them to receive the coveted “low-risk” factory status by major U.S. retailers. [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]
SEOUL, Jan. 7 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Friday it is spending US$3.9 billion over the next three years to build a petrochemical complex in Indonesia. Lotte Chemical signed a preliminary deal with Indonesia’s Ministry of Investment on the Line project aimed at constructing [...]