Indonesia and South Korea Sign 10 MoUs, from Critical Minerals and AI to Clean Energy
Indonesia and South Korea signed 10 MoUs, ranging from critical minerals and AI to clean energy.
Seoul, CNBC Indonesia - President of the Republic of Indonesia Prabowo Subianto, together with President of the Republic of South Korea Lee Jae Myung, witnessed the exchange of notes of understanding or memorandums of understanding (MoUs) following a bilateral meeting at the Blue House in Seoul on Wednesday (1/3/2026). The 10 MoUs span cooperation from critical minerals to artificial intelligence (AI).
The exchange of notes of understanding was carried out by Foreign Minister Sugiono, Coordinating Minister for the Economy Airlangga Hartarto, Minister of Energy and Mineral Resources Bahlil Lahadalia, Minister of Communication and Digital Meutya Hafid, and Minister of Investment and Downstreaming/Head of the Investment Coordinating Board Rosan Roeslani.
Here is the list:
MoU on Establishing the Special Comprehensive Strategic
MoU on Economic Cooperation 2.0
MoU on Cooperation in Critical Mineral Partnership
MoU on Cooperation in Digital Development
MoU on Cooperation on AI for Basic Health and Human Development
MoU on Strengthening Cooperation in the Field of Clean Energy
MoU on Cooperation in the Field of Carbon Capture and Storage (CCS)
MoU on Cooperation in the Field of the Offshore Plant Service Industry
MoU on Intellectual Property Protection and Enforcement Cooperation
MoU on Financial Cooperation (Danantara-Exim Bank of Korea)
In opening the bilateral meeting, both heads of state agreed to mutually enhance cooperation amid the current global uncertainties. Prabowo stated that relations between South Korea and Indonesia are very important for achieving economic prosperity for both countries. This is because South Korea has made extraordinary progress in industry, science, and technology.
“We have many resources, we have a large market, we can complement each other,” said Prabowo.
In addition, Prabowo also views Indonesia and South Korea as middle powers with the same concerns.
“We both need stability and peace. But we understand that if we want peace and stability, we must also have good security and defence,” he said.
On the other hand, Lee also mentioned Indonesia’s abundant resources, such as LNG and coal. Therefore, he wants both countries to expand cooperation in energy stability.
“We feel very confident, knowing that Indonesia supplies LNG and coal very stably to Korea. To minimise the impact of this crisis on our economy and people’s lives, we need to expand cooperation between the two countries in energy supply stability and resource security,” he said.
He also noted that Indonesia has enabled South Korea to develop its defence industry.
“Indonesia is the first destination for investment by Korean companies and a valuable partner that has helped enable the development of the Korean defence industry. In addition, Indonesia’s first electric vehicle was produced together with a Korean company,” he said.