Investment Minister Affirms South Korean Investment in Indonesia Remains Strong
Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has affirmed that South Korean investment in Indonesia remains high, as evidenced by the inauguration of a factory belonging to South Korean chemical company Dongsung Chemical in Karawang, West Java.
"The presence of this factory once again proves that Indonesia is not only an attractive investment destination in the eyes of investors, but is also trusted as a centre for the production and export of high-technology products. This investment will create jobs and strengthen Indonesia's position in the global supply chain," Rosan said in a statement in Jakarta on Friday.
He explained that the factory, inaugurated on 30 April, was built on 82,000 square metres of land with a building area of 23,000 square metres. The production facility is the largest owned by Dongsung, even exceeding production capacity in its home country.
Dongsung Chemical's products are used across various sectors, including the automotive industry for seats, headrests and interior linings; the footwear industry for shoe soles and adhesives; the household goods industry for mattresses, sofas and waterproof coatings; as well as manufacturing and construction.
Rosan also stated that the government continues to actively strengthen cooperation with Indonesia's strategic partners to invest in the country. He noted that under President Prabowo's direction, Indonesia is currently very open for business, particularly in areas aligned with the government's agenda of promoting industrial downstream processing and creating quality employment.
Over the past five years (2020–2024), South Korea was recorded as the seventh-largest source of foreign direct investment (FDI) in Indonesia, with total investment of US$11.3 billion or Rp185.87 trillion (at an exchange rate of Rp16,449).
Rosan assessed that the strong cooperation between South Korea and Indonesia must be maintained and even enhanced. "I am confident that the actual investment realisation figures are far greater, as there is Korean-origin investment entering through other countries such as Malaysia or Singapore," Minister Rosan said.
"The presence of this factory once again proves that Indonesia is not only an attractive investment destination in the eyes of investors, but is also trusted as a centre for the production and export of high-technology products. This investment will create jobs and strengthen Indonesia's position in the global supply chain," Rosan said in a statement in Jakarta on Friday.
He explained that the factory, inaugurated on 30 April, was built on 82,000 square metres of land with a building area of 23,000 square metres. The production facility is the largest owned by Dongsung, even exceeding production capacity in its home country.
Dongsung Chemical's products are used across various sectors, including the automotive industry for seats, headrests and interior linings; the footwear industry for shoe soles and adhesives; the household goods industry for mattresses, sofas and waterproof coatings; as well as manufacturing and construction.
Rosan also stated that the government continues to actively strengthen cooperation with Indonesia's strategic partners to invest in the country. He noted that under President Prabowo's direction, Indonesia is currently very open for business, particularly in areas aligned with the government's agenda of promoting industrial downstream processing and creating quality employment.
Over the past five years (2020–2024), South Korea was recorded as the seventh-largest source of foreign direct investment (FDI) in Indonesia, with total investment of US$11.3 billion or Rp185.87 trillion (at an exchange rate of Rp16,449).
Rosan assessed that the strong cooperation between South Korea and Indonesia must be maintained and even enhanced. "I am confident that the actual investment realisation figures are far greater, as there is Korean-origin investment entering through other countries such as Malaysia or Singapore," Minister Rosan said.