President's Visit to South Korea Yields MoUs Worth Rp 173 Trillion
The state visit by President Prabowo Subianto to South Korea has yielded significant results in bolstering the economic sector, with the signing of several memoranda of understanding (MoUs) between businesses from both countries valued at US$10.2 billion (approximately Rp 173 trillion). This was conveyed by Coordinating Minister for the Economy Airlangga Hartarto following his attendance at the “Indonesia–Korea Partnership for Resilient Growth” forum in Seoul, South Korea, on Wednesday (1/4/2026).
As per information received on Thursday, Airlangga attended the meeting representing President Prabowo alongside 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 US$10.2 billion or approximately Rp 173 trillion,” Airlangga stated to the media in Seoul.
Airlangga explained that the cooperation covers various strategic sectors, including energy and green transition, such as solar power, carbon capture and storage (CCS), and renewable energy.
In addition, the cooperation also encompasses the industrial and manufacturing sectors, such as steel, batteries, and eco-friendly transportation.
“The investments also include the digital sector and artificial intelligence (AI). Then property and infrastructure, including development in Bumi Serpong Damai, and business cooperation as well as associations between Kadin and KCCI, particularly to encourage business commitments,” he continued.
Furthermore, Airlangga noted that several major Korean companies are reinforcing their investment commitments in Indonesia, including POSCO’s development of the steel industry and Lotte’s investment interest, which opens opportunities for collaboration with Danantara as an investment partner.
The Coordinating Minister for the Economy further emphasised that the results of President Prabowo’s visit to South Korea complement the investment achievements from the previous visit to Japan, which produced investment commitments of US$23.6 billion or approximately Rp 401 trillion.