Daewoo to invest in RI

Daewoo to invest in RI

JAKARTA (JP): South Korea's leading Daewoo Group will send a
special delegation to Indonesia to sound out the possibility of
establishing joint venture companies here.

The group's president, Kim Woo-Choong, told visiting
Indonesian State Minister of Investment Sanyoto Sastrowardoyo in
Seoul over the weekend that the possible sectors that Daewoo will
work on are automotive and chemical industries as well as
infrastructure.

Kim was quoted by Antara on Saturday that his company has been
eying Indonesia as the site for its investment expansion.

He assured that Daewoo's presence in Indonesia will smoothen
the transfer of its technology.

After the meeting, Kim invited Minister Sanyoto to visit
Daewoo's automobile assembling facilities in Inchon, 60
kilometers west of Seoul.

Today, Sanyoto is scheduled to speak before a seminar in
Seoul, which is organized by Indonesia's Investment Coordinating
Board and the Indonesia-Korea Joint Committee.

Before visiting South Korea, Sanyoto held a series of
investment promotion activities in Taiwan. (rid)