President Prabowo's Visit to South Korea Yields Rp 173 Trillion in Investments

JAKARTA - President of the Republic of Indonesia Prabowo Subianto’s state visit to the Republic of South Korea has yielded investment results. The strengthening of cooperation was marked, among other things, by the signing of several memoranda of understanding (MoUs) between businesses from both countries valued at USD 10.2 billion, or approximately Rp 173 trillion. He attended representing President Prabowo Subianto, along with the Minister of Investment/Head of the Investment Coordinating Board and CEO of Danantara, Rosan Roeslani. “In that meeting, MoUs were signed with a value of USD 10.2 billion or approximately Rp 173 trillion,” said Airlangga to the media in Seoul, quoted from a press release by the Presidential Secretariat, Thursday (2/4/2026). In addition, the cooperation also covers the industrial and manufacturing sectors such as steel, batteries, and environmentally friendly transportation. “The investments also include the digital and AI sectors. Then property and infrastructure, including developments in Bumi Serpong Damai, and business cooperation and associations between Kadin and KCCI, especially to encourage business commitments,” he continued. Furthermore, the Coordinating Minister for the Economy emphasised that the results of President Prabowo’s visit to South Korea complement the investment achievements from the previous visit to Japan, which resulted in investment commitments of USD 23.6 billion or approximately Rp 401 trillion. “This means that the President’s visits to these two countries have resulted in investment commitments totalling Rp 574 trillion,” Airlangga revealed. “This is a very significant figure because Indonesia, in this uncertain geopolitical situation, remains attractive to investors from both Japan and Korea,” he added. On that occasion, Airlangga also reaffirmed the government’s commitment to continuously improving the investment climate through debottlenecking measures, namely resolving investment obstacles faced by businesses. “We are preparing a debottlenecking mechanism so that all issues faced by the business world can be resolved quickly,” he stated.