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S. Korea-Indonesia Commit to US$5.76bn Investments

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11 September 2018 13:42 WIB

South Korean President Moon Jae-in, center left, and Indonesian President Joko "Jokowi" Widodo, center right, inspect an honor guard during a welcoming ceremony at the Changdeokgung palace in Seoul Monday, Sept. 10, 2018. Jokowi is in Seoul for a three-day state visit to increase bilateral ties between the two countries. (Jeon Heon-kyun/Pool Photo via AP)

TEMPO.CO, Jakarta - Corporates and government institutions of Indonesia and South Korea signed 15 memorandums of understanding for investments. The investment commitment value amounts to US$5.76 billion.


The B2B partnerships cover energy, property, machinery, technology, and cosmetics.

Indonesia's Chamber of Commerce and Industry chairman Rosan Roeslani said there are plenty of trade potentials between the two nations that can be explored.

Read: Jokowi Calls South Korea 'Old Friend'

"We will welcome investments into Indonesia," Rosan said in a written statement Tempo received on Tuesday, September 11. 

A hundred and four business actors participated in the 2018 Indonesia-Korea Business and Investment Forum. "It signals the improving trade and investment relationship between the two countries," Rosan remarked. 

Meanwhile, the South Korean Chamber of Commerce and Industry (KCCI) chairman Park Yong-man hoped that the forum can create a clear path for South Korean companies to invest in Indonesia's innovative projects.   

CAESAR AKBAR


 
South Korea


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