Indonesia
Kodeco Timber Pt was founded in 1963 and is based in Seoul, South Korea. The company has a long history of operating in the energy sector, including timber, logging, plywood, palm, rubber, oil & gas upstream, trading, and consulting services. KODECO operates with concessions covering 450,000 hectares for timber business, 22,000 hectares for rubber plantation, and 10,000 hectares for palm plantation in Indonesia. Since 2008, the company has been involved in oil palm plantations and crude palm oil plants. KODECO also entered the advisory services sector in 2014, forming Dohwa Kodeco Holdings & Siborpa Eco Power for renewable energy business in 2017. The company purchased a building in Seoul in 2019 and signed an MOU with Korea Hydro & Nuclear Power for a hydroelectric power plant project in Indonesia in 2020.
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