Korean investors interested in investing in KEK Palu

By : Herry Barus And Aldi Firhand. A | Friday, November 17 2017 - 12:11 IWST

Logistic Ilustration
Logistic Ilustration

INDUSTRY.co.id - London - The Special Economic Zone (KEK) Palu with a strategic location as a liaison area of ​​East Asia with Australia and the ease of facilities both fiscal and non-fiscal is expected to attract South Korean investors to invest.

It is also offered to 60 South Korean investors in the 2017 Central Sulawesi Investment Business Forum (CSIBJ) event opened by Ambassador to South Korea Umar Hadi in Seoul, First Secretary of Pensosbud of the Indonesian Embassy in Seoul, Purno Widodo told Antara London on Wednesday (15/11). / 2017)

Ambassador Umar Hadi said the development of regional infrastructure is one of the main priorities of the Government of Indonesia today. South Korean investors are expected to take a role by taking advantage of President Moon Jae-in's momentum visit to Indonesia some time ago.

The same thing also conveyed by Governor of Central Sulawesi Longki Djanggola and mentioned KEK Palu is the first KEK inaugurated by the Government on 27 September 2017 from total 11 KEK being built in Indonesia.

"KEK Palu is expected to play a role in encouraging regional economic growth so that the increase of people's welfare will be more quickly achieved," he said as quoted by Antara.

Currently the island of Java is still a favorite destination for South Korean investors. Of the total realization of South Korean investment in Indonesia during the period 2014 to quarter III 2017 was recorded as 57 percent or 4.8 billion US dollars worth of South Korean investors invested in Java.

While the eastern part of Indonesia only gets less than 10 percent of their total investment.

Several sectors are offered in the field of plantation and agricultural processing industry, shipbuilding industry, downstream metal industry and supporting infrastructure (port, energy, water supply and waste treatment).

"The various sectors so far are in demand by South Korean investors," he said.

CSIBJ 2017 was held by PT Bangun Palu Central Sulawesi (BPST) and PT STM Tunggal Jaya in cooperation with Indonesia Investment Promotion Center (IIPC) office fully supported by KBRI Seoul.

The event also featured speakers from Deloitte Indonesia, Bernardus Djonoputro, a consultant appointed by KEK Palu management, PT Bangun Palu Central Sulawesi to encourage acceleration of realization of SEZ.

The event ended with the signing of a Memorandum of Understanding (MoU) between PT STM Tunggal Jaya as the partner of PT BPST in developing KEK Palu with Keumseong Global Star (KGS) which was witnessed by Governor of Central Sulawesi, Palu Mayor and Deputy of Investment Planning of BKPM.

The MOU marked the start of cooperation in promoting investment opportunities owned by KEK Palu to South Korean investors who are partners of KGS.

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