HOME | KODECO

Sustainable
growth

Transforming
the future

About
KODECO

Our Story

Founded in 1963,

KODECO, as the first overseas investment enterprise, has promoted the friendship between two countries, including establishment of diplomatic relations between Korean and Indonesia.

KODECO has been a leading pioneer in energy business industries in Indonesia. As the first generation of business, we developed Timber, Logging, Plywood, Palm and Rubber business.

Who We Are

Our Vision

With innovative evolution, KODECO has started oil & gas upstream and trading business since 1981. KODECO has also expanded to advisory services with extensive knowledge and more than 35 year’s experience especially in energy sector. Since 2008, KODECO involved in Oil Palm plantation and Crude Palm Oil plant business.

Even under the pressure of global economy, now KODECO continues to expand our global footprint and extend our leadership and networks in Sustainable Green Energy business for future global transformation with our strong vision and mission.

Glory of Father Land, Sustainable Prosperity of the Company, Friendship between Korean and Indonesia. Please join us with our meaning journey.

About Us

Our
Experience

Timber, Logging,
Plywood, Sawmill Business

Concession Area : 450,000 ha

Cement
Business

Joint Venture with Indocement

What We Offer

Rubber, Palm Plantation Business

Rubber Concession Area : 22,000 ha Palm Concession Area : 10,000 ha

Oil & Gas Upstream Business

Joint Venture with Pertamina, CNOOC

Oil Trading,
Oil and Gas Consulting

Concessions : West Madura Offshore PSC Block

Poleng TAC Block

History

1960's ~ 1980's

1963

Korea Development Co., Ltd established

1968

E&P Upstream business under joint venture with Pertamina West Madura Offshore Production Sharing Contract (WMO PSC)

1981

Plywood business

Timber business

1990's

1993

Commissioned first gas in WMO PSC 2nd E&P Upstream business under jointventure with Pertamina Poleng Technical Assistance Contract (Poleng TAC)

1995

Cement business under joint venture

with Indo Cement

1996

Palm and Rubber plantation business

1998

Commissioned first oil and gas

from Poleng TAC

2000's

2008

Oil Palm Plantation

and Crude Plam Oil Plant business

2014

Advisory Services in energy sector in Indonesia

2017

Dohwa Kodeco Holdings & Siborpa Eco Power

established for for Renewable Energy Business

2019

Purchased a building in Teheran-ro, Gangnam-gu, Seoul. Started rental business

2020

As a developer, we signed an MOU for joint development with Korea Hydro & Nuclear Power for the Indonesian Tripa-1 hydroelectric power plant project (48MW).