Jokowi will Visit South Korea to Strengthen Economic Relations

Translator

Editor

1 January 1970 07:00 WIB

Indonesian President Joko Widodo talks with parliament members after delivering a speech at the parliament building in Jakarta, August 16, 2018. REUTERS/Beawiharta

TEMPO.CO, Jakarta - President Joko Widodo or Jokowi will make an official visit to South Korea on September 10-11, to strengthen economic relations. It will be a return visit after South Korean President Moon Jae-in had visited Jakarta in 2017, which will be marking 45 years of diplomatic relations between the two countries. 

"In Seoul, President Jokowi will meet his South Korean counterpart Moon Jae-in and attend a business forum with Korean big companies," Foreign Ministry`s East Asia and Pacific Director Edi Yusup informed journalists at a press briefing in Jakarta on Thursday, Sept. 6. 

The governments of both nations will sign several memoranda of understanding (MoU) in fields, including legislation, immigration, economy, development of human resources, maritime security, as well as environment and forestry. 

Meanwhile, 10 other MoU will be inked during the business forum that will cover automotive, energy, infrastructure, and transportation, with an investment value estimated to reach US$1 billion. 

Read: Jokowi Calls on South Korea to Boost Investment in Indonesia 

South Korea is Indonesia`s fourth-largest investor, with investment value reaching $2.2 billion in 2017. 

Several companies have expressed interest in investing in Indonesia, such as South Korean steel-making company POSCO in cooperation with Indonesian steel manufacturer Krakatau Steel to boost steel production by one ton, Lotte Corporation that plans to build "the biggest petrochemical factory in Southeast Asia" located in Cilegon, West Java, and Hyundai Motor Company that aims to construct a car factory in Indonesia. 

"President Jokowi will encourage their investment commitment for realization," Yusup stated. 

The president will also engage with dozens of Indonesian and South Korean youths, including some South Korean YouTube content creators, who consistently promote Indonesian culture in their country.  

Indonesia and South Korea had agreed to enhance bilateral cooperation to the level of a special strategic partnership during President Moon`s visit to Jakarta last year.

In order to follow up on the increase in partnership, President Jokowi will propose to organize the "Next Generation Leaders Dialogue," an event that brings together Indonesian and South Korean young leaders from business, governmental, and academic sectors to discuss future cooperation between the two countries.

ANTARA



Bukalapak Talks of Potential Expansion to South Korea after Song Joong Ki Named Ambassador

8 hari lalu

Bukalapak Talks of Potential Expansion to South Korea after Song Joong Ki Named Ambassador

Bukalapak named renowned South Korean actor Song Joong Ki as its brand ambassador.


Immigration Nabs South Korean Citizen, Promoter of K-Pop We All Are One

13 hari lalu

Immigration Nabs South Korean Citizen, Promoter of K-Pop We All Are One

The Immigration Directorate General arrested a South Korean national who is the promoter of the K-Pop We All Are One music concert on Monday, Nov. 21.


Japan, Britain, South Korea Sign Agreements to Develop Jakarta MRT

21 hari lalu

Japan, Britain, South Korea Sign Agreements to Develop Jakarta MRT

Japan, Britain, and South Korea pledge their commitment to developing the Jakarta MRT on the sidelines of the G20 Summit in Bali.


Govt Resumes Payment for Joint Fighter Jet KF-21 Project with South Korea

29 hari lalu

Govt Resumes Payment for Joint Fighter Jet KF-21 Project with South Korea

Indonesia's Defense Ministry has resumed payment for the cost of its share in the development of the KF-21 fighter jet with South Korea.


North Korea Fires Four Ballistic Missiles as U.S., Seoul End Drills

31 hari lalu

North Korea Fires Four Ballistic Missiles as U.S., Seoul End Drills

North Korea fired four short-range ballistic missiles into the western sea on Saturday, Nov. 5, South Korea's military said.


Indonesians Who Survived Itaewon Halloween Crush in Recovery

35 hari lalu

Indonesians Who Survived Itaewon Halloween Crush in Recovery

Two Indonesian citizens who were injured during Itaewon Halloween stampede last week are slowly recovering.


Two Indonesians Survive Seoul's Halloween Stampede: Embassy

37 hari lalu

Two Indonesians Survive Seoul's Halloween Stampede: Embassy

The Indonesian Embassy in Seoul confirmed on Sunday that two Indonesian citizens survived the Halloween stampede.


South Korea Mourns, Wants Answers After Halloween Crush Kills 153

37 hari lalu

South Korea Mourns, Wants Answers After Halloween Crush Kills 153

At least 153 people were crushed to death when a crowd in South Korea surged in an alleyway during Halloween festivities.


South Korea's Yoon Declares Mourning Period After Halloween Crush Kills 151

37 hari lalu

South Korea's Yoon Declares Mourning Period After Halloween Crush Kills 151

South Korea's President Yoon Suk-yeol declared a period of national mourning on Sunday after a Halloween crush killed some 151 people in Seoul


Halloween Stampede in Seoul Leaves at Least 149 Dead

37 hari lalu

Halloween Stampede in Seoul Leaves at Least 149 Dead

At least 149 people were killed in a crush when a huge crowd celebrating Halloween surged into an alley in a nightlife area of South Korea's Seoul.