OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korean tobacco giant KT&G, also prominent in pharmaceutical tech, is constructing a new factory in East Java, Indonesia. Expected to finish by 2026, the company secured significant investment support from the Indonesian government, marking it a major hub for Southeast Asian exports.
According to The Korea Economic Daily, the South Korean tobacco firm that is also leading the pharmaceutical technology in the country has won investment support from the Indonesian government. The pledged funding will go to constructing the new factory in the region. KT&G plans to use the upcoming facility as its base for product exports to Southeast Asia.
A signing ceremony for the investment agreement between KT&G and the Indonesia Investment Coordinating Board (BKPM) was held last week, but this was only announced on Monday, Sept. 11. The event was held at the Indonesian Ministry of Investment office in Jakarta and was attended by the company's chief executive officer, Baek Bok In, and Indonesia's Minister of Investment, Bahlil Lahadalia.
During the ceremony, CEO Baek said, "Through the investment in the new Indonesian factory, we will accelerate our expansion into overseas markets, swiftly seize opportunities abroad and leap into a global top-tier company through aggressive investments and innovation."
Minister Lahadalia also stated, "On behalf of the Indonesian government, I welcome KT&G's continued investment and will do my best to ensure the smooth progress of the investment."
Meanwhile, Korea IT Times reported that under the deal, KT&G will polish its investment plan for constructing a new plant even more to clarify the agreed terms. As the agreement outlines, Indonesia's Ministry of Investment will extend various support and convenience in line with the local laws and regulations.
Once completed in 2026, KT&G will begin the full operation for the manufacturing and export of its tobacco products. Aside from Southeast Asia, the company also targets other nearby regions as the delivery destination.
Photo by: KT&G Newsroom
