Smartphone-based ride-hailing application Uber is planning to start a company in Indonesia, in the form of a foreign investment firm, an executive has said. Uber's spokesperson in Indonesia, Karun Arya, said Uber had not yet set up its corporation in Indonesia.

Korean mobile companies are making inroads into the Indonesian market one after another. The Korean mobile industry anticipate that Indonesia will rise as a new mobile market since the nation has the world’s fourth largest population and its many islands gave rise to the creation of a mobile...