President Jokowi Admits Many Korean Investors in Indonesia
By : Herry Barus And Aldi Firhand. A | Monday, September 10 2018 - 18:59 IWST

President Jokowi-President Moon witnessed the signing of the MoU at the Bogor Presidential Palace on Thursday (9/1 (Photo: Humas / Oji)
INDUSTRY.co.id - Seoul - President Joko Widodo attended the 2018 Indonesia-Korea Business and Investment Forum on the sidelines of his state visit in South Korea on Monday (09/10/2018)
The Head of State in his speech said that Korea and Indonesia were long-time friends and that there were many Korean companies operating in Indonesia.
"Korean companies operate in Indonesia for many years and employ 900 thousand workers," he said.
The president also said that South Korea was the third largest country to invest in Indonesia, including in basic industries such as steel and iron, petrochemicals and aluminum. <>
For information, Foreign Minister Retno Marsudi also explained that last year Indonesia and South Korea posted a significant increase in trade of almost 20%, namely precisely at 19.2%.
Regarding the Memorandum of Understanding (MoU) to be signed, Ambassador Umar Hadi said that there were several sectors including automotive, metal industry, chemical, garment, footware, and start-up.
In the Indonesia-Korea Business and Investment Forum, the President was accompanied by several Working Cabinet ministers, including Coordinating Minister for Political, Legal and Security Affairs Wiranto, Industry Minister Airlangga Hartarto, Foreign Minister Retno Marsudi, Head of BKPM Thomas Lembong, Head of the Creative Agency Triawan Munaf, Indonesian Ambassador to South Korea Umar Hadi and Chairman of the Indonesian Chamber of Commerce and Industry, Rosan Perkasa Roeslani.
While from South Korea also attended and gave a speech from the Minister of Trade, Industry and Energy Ungyu Paik.
Read Also
Today's Industry

Senin, 24 Maret 2025 - 20:39 WIB
President Prabowo Welcomes Ustaz Adi Hidayat, Representatives of Al Azhar University of Cairo at Presidential Palace
President Prabowo Subianto received a visit from Ustaz Adi Hidayat and representatives from Al Azhar University of Cairo at the Presidential Palace, Jakarta, on Friday (03/21). The meeting proceeded…

Senin, 24 Maret 2025 - 20:32 WIB
Jababeka Bizpark Officially Conducted Groundbreaking and Ready for Handover in 2025
AFTER receiving extraordinary interest from foreign and domestic businessmen and investors, Jababeka finally officially conducted the groundbreaking of the Jababeka Bizpark multipurpose commercial…

Senin, 24 Maret 2025 - 20:27 WIB
Jababeka Industrial Estate (KIJA) Wins Green PROPER Award from the Ministry of Environment and Forestry for Two Consecutive Years
PT Jababeka Tbk, through one of its subsidiaries PT Jababeka Infrastruktur as the manager of the Jababeka Industrial Estate, has again been awarded the 2024 Green Corporate Performance Assessment…

Senin, 24 Maret 2025 - 20:19 WIB
HOKI Successfully Records Sales of IDR 1.29 Trillion in 2024
Dailymeal Products Sales Grow 114.05% A well-known rice producer under the brand name 'Topi Koki' listed on the Indonesia Stock Exchange PT Buyung Poetra Sembada, Tbk., (HOKI) managed to record…

Sabtu, 22 Maret 2025 - 07:25 WIB
Indonesia Showcases High-Quality Fabrics at Intertextile Shanghai: Strengthening Footprint in the International Market
The Consul General of the Republic of Indonesia in Shanghai, Berlianto Situngkir, together with the Indonesia Trade Promotion Center (ITPC) Shanghai, attended the Intertextile Shanghai Apparel…
News Comment