Hyundai Motor completes EV ecosystem in Indonesia

Hyundai Motor completes EV ecosystem in Indonesia

JAKARTA, Indonesia – Hyundai Motor Group has built an electric vehicle hub backed by a complete supply chain from raw materials sourcing to ba...

Korea’s top resort operator Sono buys T'way stake for $76 mn

Korea’s top resort operator Sono buys T'way stake for $76 mn

South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billio...

Hyundai accelerates EV push in Indonesia with Kona EV

Hyundai accelerates EV push in Indonesia with Kona EV

JAKARTA, Indonesia – Hyundai Motor Co. has built its brand image as a high-end carmaker in Indonesia and controls the country's electric vehic...

Daewoong, Indonesia's IPB to co-research on primate

Daewoong, Indonesia's IPB to co-research on primate

South Korea's Daewoong Pharmaceutical Co. announced on Thursday that it signed a contract with Indonesia's Bogor Agricultural University (Institut P...

Monalisa, Ssangyong C&B sold to Indonesia's APP

Monalisa, Ssangyong C&B sold to Indonesia's APP

South Korea's hygiene products company Monalisa and Ssangyong C&B, known for its toilet paper brand Codi, will be sold to Indonesia's paper comp...

LX Pantos to enter Indonesian resource logistics market

LX Pantos to enter Indonesian resource logistics market

South Korea's LX Pantos said on Thursday that it signed a joint venture (JV) agreement with KSA, Indonesia's largest bulk carrier, to tap into the S...

Krafton's Overdare conducts alpha test in SE Asia

Krafton's Overdare conducts alpha test in SE Asia

South Korea's gaming giant Krafton Inc. announced on Wednesday that it will conduct an overseas alpha test for Overdare, a mobile user-generated con...

Hyundai, Indonesia discuss hydrogen, EV cooperation

Hyundai, Indonesia discuss hydrogen, EV cooperation

Hyundai Motor Group Chairman Chung Euisun has discussed cooperation on hydrogen-fueled cars and electric vehicles (EVs) with the Indonesian economy ...

Woori Bank offers internship for SE Asian students in S.Korea

Woori Bank offers internship for SE Asian students in S.Korea

South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims t...

South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea plans to accept Indonesia’s request to cut its share of payments for a joint fighter jet development project to one-third of the o...

JLK to supply medical AI solutions in Indonesia

JLK to supply medical AI solutions in Indonesia

South Korea’s JLK Inc., an AI-based stroke care platform maker, announced on Tuesday that it signed a business agreement with medical consulti...

Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute

Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute

South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...

Hanwha Life to buy stake in Indonesia's Lippo-owned bank

Hanwha Life to buy stake in Indonesia's Lippo-owned bank

South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023...

Hyundai Capital to set up units in Indonesia, Australia

Hyundai Capital to set up units in Indonesia, Australia

Hyundai Capital Services Inc., the consumer finance unit of the world’s third-largest automaker Hyundai Motor Group, plans to establish subsid...

CJ CheilJedang to sell feed, livestock unit for $1.4 bn

CJ CheilJedang to sell feed, livestock unit for $1.4 bn

South Korean food giant CJ CheilJedang Corp. is seeking again to sell its loss-making feed and livestock subsidiary, Asia’s largest in the ind...

CJ Foodville sees record-high operating profit in 2023

CJ Foodville sees record-high operating profit in 2023

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery chain brand Tous les Jours saw a record-high operatin...

LG CNS, Sinar Mas to form JV in Indonesia

LG CNS, Sinar Mas to form JV in Indonesia

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it signed an investment...

Shinhan Bank, Indodana co-work on digital finance

Shinhan Bank, Indodana co-work on digital finance

Shinhan Bank announced on Friday that its Indonesian subsidiary Shinhan Bank Indonesia signed a strategic business agreement with PT Artha Dana Tekn...

Cosmax NBT targets Halal health supplement market

Cosmax NBT targets Halal health supplement market

Cosmax NBT, Inc., a health supplement original development manufacturing (ODM) affiliate of South Korea's Cosmax Group, announced on Friday that it ...

Indonesia's KB Bukopin rebranded as KB Bank

Indonesia's KB Bukopin rebranded as KB Bank

Bank KB Bukopin, an Indonesian subsidiary of KB Kookmin Bank, announced on Monday that it rebranded as KB Bank. The corporate name PT Bank KB Buko...

Tous Les Jours exceeds 60 stores in Indonesia

Tous Les Jours exceeds 60 stores in Indonesia

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Wednesday that its bakery chain brand Tous Les Jours has opened a new st...

Korea-led group wins Indonesia's power plant service deal

Korea-led group wins Indonesia's power plant service deal

A consortium led by South Korean companies has bagged 130 billion won ($98 million) worth of an offshore plant service order from Indonesia under a ...

LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture

LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture

South Korea’s top chemicals maker LG Chem Ltd. and food and biotechnology firm CJ CheilJedang Corp. have agreed to launch an eco-friendly bio-...

Daewoong gets stem cell facility license in Indonesia

Daewoong gets stem cell facility license in Indonesia

South Korea's Daewoong Pharmaceutical announced on Tuesday that its subsidiary Daewoong Biologics Indonesia has obtained a stem cell Lab Operational...

Cosmax targets Southeast Asia's halal perfume market

Cosmax targets Southeast Asia's halal perfume market

Cosmax Inc., South Korea's largest cosmetics manufacturer in original design manufacturing (ODM), announced on Wednesday that it opened its new perf...

Paldo to export halal-certified sikhye to Indonesia

Paldo to export halal-certified sikhye to Indonesia

South Korea’s food and beverage company Paldo will export the halal-certified Birak Sikhye to Indonesia, according to the company on Tuesday. ...

S.Korea, Indonesia agree to free up flight routes

S.Korea, Indonesia agree to free up flight routes

South Korea and Indonesia have agreed to allow unrestricted flight operations between their regional airports. This announcement, made by Seoul's Mi...

Lotte Mart debuts Korean street food store in Indonesia

Lotte Mart debuts Korean street food store in Indonesia

South Korea's Lotte Mart has introduced its first specialized grocery store overseas, announcing the opening of its revamped Gandaria store in Jakar...

KT to build submarine cable in Asia

KT to build submarine cable in Asia

South Korea’s KT Corp. announced on Thursday that it plans to build a new submarine cable to cater to the burgeoning demand for cloud services...

S.Korea, Indonesia to strengthen battery materials supply chain

S.Korea, Indonesia to strengthen battery materials supply chain

South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement