The Korean corporation aims to secure 850,000 ha of arable land and produce grain through joint ventures in major farming countries such as Australia, North America and South America.
The Korean corporation POSCO International is in talks with the government of Uzbekistan for a US$196 million textile investment, that includes lands for the cultivation of cotton.
PT Kenertec Power Systems, a company belonging to the Korindo group has agreed to end a long-running lawsuit intended to silence a civil society campaign to protect rainforest, in Indonesia’s Papua province, threatened by Korindo’s extensive palm oil operations after a judge in Germany set to dismiss the case.
Korean palm oil giant, Korindo has been rejected from the world's green certification body in the wake of a BBC investigation. Korindo controls more land in Papua than any other conglomerate. The company has cleared nearly 60,000 hectares of forests inside its concessions - an area the size of Chicago or Seoul.
Indonesia is the world’s largest exporter of palm oil and Papua is the new frontier. Kinggo indigenous group that owns the customary forest in Boven Digul Regency, Papua is fighting to protect their land against subsidiary of Korean palm oil giant, the Korindo Group.
Germany’s Rainforest Rescue (Rettet den Regenwald) and Washington, D.C.-based Center for International Policy (CIP) blasted a baseless defamation lawsuit brought to the Hamburg Regional Court by a supplier to the Korindo conglomerate, a notorious Korean-Indonesian palm oil, logging and wind tower manufacturing giant.
Indonesia is the world's largest exporter of palm oil, and Papua is its newest frontier. A visual investigation suggests fires have been deliberately set on the land by Korean palm oil giant that has been buying up swathes of Asia's largest remaining rainforests for their plantations.
Activists have called for a financial probe into the Korindo Group, a conglomerate that paid a $22 million “consultancy fee” for the permits to expand its oil palm operations in Indonesia’s Papua province.
Civil Society Organzation from various regions in Indonesia and International letter contains urgent concern for the safety of land and human rights defenders impacted by the Korindo Group and POSCO International, Indonesia.
A video investigation on allegations of fraud and human rights abuses in billion-dollar land deals in West Papua, Indonesia to develop oil palm plantation.
Posco International’s new zero deforestation policy comes after years of pressure from NGOs and the divestment of its shares by Dutch and Norwegian pension funds.
NGOs from Korea and Indonesia file OECD complaint against POSCO International for causing palm oil abuses
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