Prabowo\u2019s South Korea Visit Secures $10.2 Billion in Investment\nDeals<\/p>\n
Reporter<\/p>\n
April 2, 2026 | 04:59 pm<\/p>\n
TEMPO.CO, Jakarta - Indonesian President Prabowo Subianto\u2019s state\nvisit to South Korea has yielded major economic gains, with businesses\nfrom both countries signing memorandums of understanding (MoUs) worth\nUS$10.2 billion (around Rp173 trillion).<\/p>\n
The figure was announced by Coordinating Minister for Economic\nAffairs Airlangga Hartarto after attending the \u201cIndonesia\u2013Korea\nPartnership for Resilient Growth\u201d forum in Seoul on Wednesday, April\n1.<\/p>\n
According to a statement received on Thursday, Airlangga attended the\nforum on behalf of President Prabowo alongside Investment Minister and\nHead of the Investment Coordinating Board (BKPM) Rosan Roeslani, who\nalso serves as CEO of sovereign wealth fund Danantara.<\/p>\n
\u201cA total of US$10.2 billion, or around Rp173 trillion, in MoUs was\nsigned during the meeting,\u201d Airlangga told reporters in Seoul.<\/p>\n
He said the agreements cover a range of strategic sectors, including\nenergy and green transition initiatives, such as solar power, carbon\ncapture and storage (CCS), and other forms of renewable energy.<\/p>\n
The deals also include cooperation in industry and manufacturing,\nincluding steel, batteries, and environmentally friendly\ntransportation.<\/p>\n
\u201cThe investment commitments also include the digital and AI sectors,\nas well as property and infrastructure, including development in Bumi\nSerpong Damai. There is also business cooperation between associations\nsuch as Kadin and KCCI, particularly to strengthen business\ncommitments,\u201d Airlangga said.<\/p>\n
He added that several major South Korean companies had also\nreinforced their investment commitments in Indonesia, including POSCO in\nsteel development and Lotte, which has expressed interest in potential\ncollaboration with Danantara as an investment partner.<\/p>\n
Airlangga said the outcome of Prabowo\u2019s South Korea visit complements\nthe results of the president\u2019s earlier trip to Japan, which generated\nUS$23.6 billion (around Rp401 trillion) in investment commitments.<\/p>\n
\u201cThat means the President\u2019s visits to these two countries have\nproduced total investment commitments of around Rp574 trillion,\u201d he\nsaid.<\/p>\n
According to Airlangga, the figure underscores Indonesia\u2019s continued\nappeal as an investment destination despite global geopolitical\nuncertainty.<\/p>\n
\u201cThis is a very significant number. Amid geopolitical uncertainty,\nIndonesia remains attractive to investors from both Japan and South\nKorea,\u201d he added.<\/p>\n
During the forum, Airlangga also reiterated the government\u2019s\ncommitment to improving the investment climate through debottlenecking\nmeasures, aimed at resolving business and regulatory obstacles more\nquickly.<\/p>\n
\u201cWe are preparing a debottlenecking mechanism so that all problems\nfaced by businesses can be resolved swiftly,\u201d he said.<\/p>\n
He also said discussions between the Indonesian and South Korean\ngovernments had been highly positive, in line with the bilateral meeting\nbetween President Prabowo and South Korean President Lee Jae Myung,\nwhich reaffirmed both countries\u2019 commitment to strengthening their\nstrategic partnership.<\/p>\n
The cooperation is expected to support sustainable economic growth,\naccelerate industrial transformation, and strengthen Indonesia\u2019s\nposition in global supply chains across strategic sectors.<\/p>\n
Read: Prabowo Talks KF-21 Fighter Jet Project Continuation During\nKorea Visit<\/p>\n
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