Indonesia and Republic of Korea Fortifies Industrial Cooperation

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

South Korean President Park Geun-hye watches her Indonesian counterpart Joko Widodo sign a guestbook at the Presidential Blue House in Seoul, South Korea, Monday, May 16, 2016. President Jokowi reminded trade between the two countries declined from USD22.47 billion in 2014 to USD16.7 billion in 2015. "We should boost trade by cutting tariff and non-tariff barriers," he said in a press release from Presidential Communication Team on Monday. Kim Min-hee/Pool Photo via AP

TEMPO.CO, Jakarta - President Joko "Jokowi" Widodo considers South Korea as a strategic partner that is important to Indonesia in the Asia region. Jokowi stated that trade and investment value between Indonesia and South Korea showed a very significant value.


Jokowi had also invited South Korean investors make investments in several sectors, including infrastructure such as toll roads, harbors, railway development, power plants, and infrastructures in the maritime sector.


On Monday, May 16, 2016, Jokowi held a bilateral meeting with the government of South Korea to extend an invitation to cooperate in developing the creative industry in Indonesia.


"In the bilateral talk, Indonesia expressed its intention to focus on the acceleration of industrialization in Indonesia as well as the development of creative industry, including fashion, film, cinema, and broadcasting," Jokowi stated in a written statement on Tuesday, May 17, 2016.


Other issues discussed during the bilateral meeting includes Indonesia's plan to export fruit to South Korea, and improvement of regional security and eradicating terrorism.


DANANG FIRMANTO


Investment

Related News

Prabowo to Allocate Rp16 Trillion Per Year for IKN

1 hari lalu

Prabowo to Allocate Rp16 Trillion Per Year for IKN

Indonesian President-elect Prabowo Subianto disclosed his strategy to finance the new capital city, IKN, during the Qatar Economic Forum in Doha.

Read More

Jokowi, David Hurley Discuss Efforts to Enhance People-to-people Ties

1 hari lalu

Jokowi, David Hurley Discuss Efforts to Enhance People-to-people Ties

Indonesian President Jokowi and Australian Governor General David Hurley held a bilateral meeting today, May 17, at Bogor Presidential Palace.

Read More

5 Major China-Indonesia Projects in Jokowi's Era

2 hari lalu

5 Major China-Indonesia Projects in Jokowi's Era

China and Indonesia's economic partnership is progressively deepening and entering a golden age under the leadership of Indonesian President Jokoqi.

Read More

Jokowi Aims for Indonesia to Join OECD in 3 Years

2 hari lalu

Jokowi Aims for Indonesia to Join OECD in 3 Years

The Indonesian government led by President Jokowi has set a target for the country to attain membership in the OECD within the next three years.

Read More

Jokowi Says OECD Membership Will Open Access to Investment

4 hari lalu

Jokowi Says OECD Membership Will Open Access to Investment

Indonesian President Joko Jokowi Widodo pinned hopes that Indonesia will soon be accepted as a member of the OECD.

Read More

Indonesia Invites Turkish Entrepreneurs to Invest More in the Country

5 hari lalu

Indonesia Invites Turkish Entrepreneurs to Invest More in the Country

The Coordinating Ministry for Economic Affairs invited around 150 Turkish entrepreneurs to increase investment in Indonesia.

Read More

Indonesia and Kazakhstan Commit to Finalize Negotiation on Bilateral Investment Treaty

6 hari lalu

Indonesia and Kazakhstan Commit to Finalize Negotiation on Bilateral Investment Treaty

Indonesia and Kazakhstan are committed to finalizing the Cooperation Agreement on Promotion and Mutual Protection of Investments.

Read More

Celios: Mining License for Religious Organizations Poses Economic, Environmental Risks

6 hari lalu

Celios: Mining License for Religious Organizations Poses Economic, Environmental Risks

Center of Economic & Law Studies (Celios) says several economic & environmental impacts would result from religious organizations' mining management.

Read More

Indonesia's North Kalimantan Actively Offering Maritime Investment

11 hari lalu

Indonesia's North Kalimantan Actively Offering Maritime Investment

Indonesia's North Kalimantan provincial government is actively offering investment opportunities to local and foreign investors to invest.

Read More

CIMB Niaga Partners with Principal Indonesia to Launch USD-Denominated Sharia-Based Equity Fund

11 hari lalu

CIMB Niaga Partners with Principal Indonesia to Launch USD-Denominated Sharia-Based Equity Fund

CIMB Niaga in partnership with PT Principal Asset Management or Principal Indonesia launched the Principal Islamic ASEAN Equity Syariah Mutual Fund.

Read More

Recomended