Jakarta (ANTARA) - The Indonesian Chamber of Commerce and Industry\n(Kadin) is confident that the economic cooperation between Indonesia and\nSouth Korea (South Korea), valued at US$10.2 billion or Rp173 trillion,\ncan make a significant contribution to increasing the country\u2019s foreign\nexchange.<\/p>\n
Kadin Indonesia General Chairman Anindya Bakrie, in a statement\nreceived in Jakarta on Thursday, emphasised that South Korea is a\nstrategic partner for Indonesia, with economic relations that have\ncontinued to develop in recent years.<\/p>\n
The agreement was reached at the Indonesia-Korea Business Forum held\nat the Shilla Hotel in Seoul, South Korea, on Wednesday (1\/4), which\nresulted in 17 memoranda of understanding (MoUs).<\/p>\n
He assessed that the cooperation established through various\nagreements has great potential in driving foreign direct investment\n(FDI) flows while strengthening the national foreign exchange\nreserves.<\/p>\n
\u201cAnd this is a potential to increase foreign direct investment,\ncreate jobs, and of course increase trade that can bring in foreign\nexchange,\u201d said Anindya.<\/p>\n
He also highlighted the broad scope of collaboration between the two\ncountries, ranging from the industrial sector to the creative economy.\nHe mentioned the popularity of Korean culture in Indonesia as one\nconcrete example of the closeness of bilateral relations.<\/p>\n
The 17 MoUs agreed upon cover various strategic sectors, such as\nenergy, industrial manufacturing, downstreaming, and the digital\neconomy. Several cooperations also involve major companies from both\ncountries, including renewable new energy projects, battery supply chain\ndevelopment, and low-carbon technology.<\/p>\n
\u201cUnder the leadership of President Prabowo Subianto, Indonesia is\npromoting inclusive growth, industrial transformation, and stronger\nglobal engagement,\u201d he said.<\/p>\n
Amid global uncertainties, he hopes that the Indonesia-South Korea\npartnership will still be able to become a driver of long-term\nsustainable growth.<\/p>\n
\u201cHopefully, in the midst of this uncertain world at the moment, we\nare still trying to find bright spots so that in the long term Indonesia\nremains advanced, its people remain prosperous, and even more\nprosperous,\u201d said Anindya.<\/p>\n
President Prabowo Subianto\u2019s state visit to South Korea has brought\nsignificant results in strengthening the economic sector, with the\nsigning of several memoranda of understanding (MoUs) between business\nactors from both countries valued at US$10.2 billion (approximately\nRp173 trillion).<\/p>\n
This was conveyed by Coordinating Minister for Economic Affairs\nAirlangga Hartarto after attending the \u201cIndonesia\u2013Korea Partnership for\nResilient Growth\u201d forum in Seoul, South Korea, on Wednesday (1\/4).<\/p>\n
As per the statement received on Thursday, Airlangga attended\nrepresenting President Prabowo along with the Minister of\nInvestment\/Head of the Investment Coordinating Board and CEO of\nDanantara Rosan Roeslani.<\/p>\n
\u201cIn that meeting, MoUs were signed with a value of US$10.2 billion or\napproximately Rp173 trillion,\u201d said Airlangga to the media in Seoul.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/kadin-confident-that-ri-south-korea-cooperation-worth-rp173-trillion-will-boost-foreign-exchange-1775109047", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }