Korean businessmen study RI market

Korean businessmen study RI market

The Jakarta Post, Jakarta

Twenty Korean businessmen are here for a three-day visit to
explore business and investment opportunities and to promote
trade relations with Indonesia.

The trade mission is led by Shyn Dong Soo, vice mayor of
Daegu, South Korea's third largest city.

"This is our first visit to Indonesia," he said, adding that
they would meet a number of Indonesian businessmen and the
executives of the Indonesian Chamber of Commerce and Industry
(Kadin) to share experiences and information about business and
investment opportunities.

"We will visit several companies in the Jababeka industrial
estate in Bekasi, West Java," Shyn said.

The 20 companies are involved in textiles and textile
machinery and automotive parts and component production.

Shyn said the South Korean firms were concerned about the
heightened tension in Indonesia following protests against the
U.S.-led attacks on Afghanistan, but he said this had not stopped
the companies from exploring business opportunities in the
country.

Soo Ik Kim, director general of the Korea Trade Center at the
Embassy of the Republic of Korea in Jakarta, said 400 South
Korean companies operated in Indonesia with a total investment of
US$10 billion and employed 500,000 local workers.