Sumatra Archives | Be Korea-savvy

Instant Coffee Booming in Indonesia

JAKARTA, May 27 (Korea Bizwire) – Indonesia is the second-largest producer of coffee in Asia, and the fourth-largest in the world. Brewed coffee brands from regions like Sumatra, Bali, and Java are well known among not only domestic but also foreign coffee enthusiasts. But contrary to popular practice, the county’s instant coffee market has become [...]

Korea EximBank to Invest $7 Mil.in Overseas Development Project

SEOUL, Oct. 2 (Korea Bizwire) – Korea EximBank said on October 1 that it would make a US$7.15-million investment in a hydroelectric power generation project on the Semangka River in Indonesia. The project is currently undertaken by the POSCO Engineering consortium.Including loans and guarantees, the state-run bank will support a total of $132.9 million in a project financing deal. [...]