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 [...]
JAKARTA, Indonesia, Dec. 21 (Korea Bizwire) — Paint manufacturer PT Mowilex Indonesia won three major awards at the 13th Annual Global CSR Summit & Awards, once again earning recognition for its environmental, employee and community commitments. Organized by Singapore-based Pinnacle Group International, the Global CSR Awards recognize innovations across 16 corporate social responsibility (CSR) categories, including environmental protection, [...]
SEOUL, Dec. 21 (Korea Bizwire) — Incheon International Airport Corp. (IIAC), South Korea’s main airport operator, said Tuesday it forged a deal worth 600 billion-won (US$530 million) to develop and run an airport in Indonesia. The company said it held a signing ceremony with Batam Indonesia Free Zone Authority in the Southeast Asian country’s Batam [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea will be able to import around 120,000 tons of urea per year from Indonesia over the next three years, a move expected to help prevent a supply crunch of the key industry material here, Seoul’s industry ministry said Tuesday. The agreement was made as Seoul’s Industry Minister [...]
VILNIUS, Lithuania, Dec. 7 (Korea Bizwire) — Peplink, a company that makes connectivity reliable, has joined together with Telkomsel, a subsidiary of state-owned enterprise Telkom Indonesia, to help businesses in Indonesia transform into cloud-ready, fully online organizations. Telkomsel is the leading digital telco company in Indonesia that serves more than 169 million customers across Indonesia. [...]