Indonesian president to visit Hyundai Motor during Korea visit

Indonesian president to visit Hyundai Motor during Korea visit

Indonesian President Joko Widodo will visit Hyundai Motor Co. during his upcoming two-day official visit to South Korea as the automaker is aggressi...

KB to raise $150 mn India, SE Asia-focused VC fund

KB to raise $150 mn India, SE Asia-focused VC fund

KB Investment Co., a venture capital arm of KB Financial Group, is seeking to raise more than 200 billion won ($150 million) in its second global fu...

Hyundai Elevator aims to more than double sales by 2030

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

Cosmax to conduct joint research with Universitas Indonesia

Cosmax to conduct joint research with Universitas Indonesia

Cosmax Inc. announced Tuesday it recently signed a memorandum of understanding (MOU) with Universitas Indonesia’s Department of Pharmacy to co...

Korea Woori Card to start installment finance biz in Indonesia

Korea Woori Card to start installment finance biz in Indonesia

Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of Sout...

LX International’s value soars on cryptocurrency, GAM mine in Indonesia

LX International’s value soars on cryptocurrency, GAM mine in Indonesia

LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three month...

Kakao to launch webtoon platform in Indonesia for SE Asia

Kakao to launch webtoon platform in Indonesia for SE Asia

Kakao Entertainment Co. will launch a webtoon platform in Indonesia, the most populous country in Southeast Asia, to expand the business in the regi...

LG Energy-led group to set up $9 bn Indonesia battery value chain

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Baby Shark becomes first YouTube video to surpass 10 bn views

Baby Shark becomes first YouTube video to surpass 10 bn views

Baby Shark became the first video to reach more than 10 billion views on YouTube on Jan 13. This milestone follows the same video becoming the most-...

Lotte agrees with Indonesia to resume $3.9 bn petchem project

Lotte agrees with Indonesia to resume $3.9 bn petchem project

South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country,...

Korea mulls measures on Indonesia’s coal export ban

Korea mulls measures on Indonesia’s coal export ban

South Korea is preparing measures to secure coal as Indonesia, the world’s largest supplier of thermal coal, banned exports of the commodity t...

Samsung, Hyundai race for $4 bn Indonesia petchem project

Samsung, Hyundai race for $4 bn Indonesia petchem project

South Korean builders Samsung Engineering and Hyundai Engineering Co. are in a tight race to win a $4 billion petrochemical project in Indonesia.Sam...

Hyundai Motor Korea unit to manage Asia-Pacific markets

Hyundai Motor Korea unit to manage Asia-Pacific markets

Hyundai Motor Co. is gearing up to manage the Asia-Pacific markets, excluding China and India, from its home office. South Korea's top carmaker aims...

POSCO International, Petronas sign PSC for Malaysian gas development

POSCO International, Petronas sign PSC for Malaysian gas development

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...

SK, Asia Pulp to develop eco-friendly packaging paper

SK, Asia Pulp to develop eco-friendly packaging paper

SK Geo Centric Co., South Korea’s leading petrochemical company, will develop eco-friendly paper coating materials to enter the recyclable pac...

Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant

Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant

Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...

Brazil gives emergency use nod for Celltrion’s COVID-19 treatment

Brazil gives emergency use nod for Celltrion’s COVID-19 treatment

South Korean drugmaker Celltrion Inc. has added Brazil to the list of countries that have granted emergency use approval for its COVID-19 treatment ...

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...

Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment

Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment

South Korean drugmaker Celltrion Inc. has received the Indonesian government’s permission for restricted use of its COVID-19 treatment Regkiro...

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...

POSCO International, Pertamina seek joint oil, gas development off Indonesia

POSCO International, Pertamina seek joint oil, gas development off Indonesia

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with Indonesia’s PT Pertamina Hulu Energi (PHE) to look...

Hana Financial partners with Line to launch digital bank in Indonesia

Hana Financial partners with Line to launch digital bank in Indonesia

Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...

Korea’s bakery franchises target Southeast Asia for growth opportunities

Korea’s bakery franchises target Southeast Asia for growth opportunities

South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...

Hyundai Motor's Indonesia unit issues $300 mn bond

Hyundai Motor's Indonesia unit issues $300 mn bond

PT Hyundai Motor Manufacturing Indonesia (HMMI) has raised $300 million in a five-year bond sale to fund the construction of its first production li...

Genexine exports COVID vaccine candidate to Indonesia

Genexine exports COVID vaccine candidate to Indonesia

Genexine Inc., one of the five South Korean pharmaceutical companies whose COVID-19 vaccine candidates have entered clinical trials, will export its...

KT to build high-speed satellite network in Indonesia

KT to build high-speed satellite network in Indonesia

KT Sat Co., a satellite subsidiary of South Korea’s telecom giant KT Corp., will set up a high-speed satellite telecom network in Indonesia&rs...

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