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BNI strengthens collaboration by exploring Seoul market opportunities
PT Bank Negara Indonesia (Persero) Tbk. (BNI) is strengthening collaboration between various stakeholders to help accelerate small and medium enterprises (SMEs) going global and to support the Indonesian diaspora in South Korea.
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Culinary businesses run by the Indonesian diaspora have the potential to make it big in the South Korean market. (Photo/Wienda Parwitasari)
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T Bank Negara Indonesia (Persero) Tbk. (BNI) is strengthening collaboration between various stakeholders to help accelerate small and medium enterprises (SMEs) going global and to support the Indonesian diaspora in South Korea. Indonesia’s ambassador to South Korea Gandi Sulistiyanto said there were many businesses that Indonesians in South Korea could develop.
A majority of micro, small and medium enterprises (MSMEs) in South Korea are engaged with the country’s industrial sectors. As a result, South Korean MSMEs are bolstered by advanced technology to produce high quality products.
Ambassador Gandi believed that state-owned BNI had an important role to play as a global bank to seek new opportunities in this market. "The key to the success of MSMEs is capital. I think this is where BNI's role is in supporting the growth of MSME performance as well as opening up market opportunities," he said.
Gandi added that BNI had professional mentoring programs that could help MSME players grow and become highly competitive businesses. “Indeed, those kinds of endorsements are what MSMEs truly need to help them grow and compete on the global stage where competition is more rigorous.” He added.
Founder of Inakor Co., Ltd and BNI borrower Hartono Susanto appreciates BNI's active role in helping the diaspora in South Korea through capital and business guidance.
“Looking at South Korea, we notice a lot of Indonesian semi-finished products entering South Korea. This proves that there’s more opportunities for exports because Indonesian products are widely accepted in Korea,” Hartono said.
Multi-stakeholder collaboration
General manager of BNI Seoul, Anisfu Husin, said the Seoul branch of BNI was collaborating with various parties ranging from MSMEs, student communities and other communities in the country. He shared that BNI would be signing an agreement with the importers’ association in South Korea.
The purpose of the signing include providing banking services, promoting financial literacy and investment and providing business capital for Indonesians residing in the country.
Furthermore, to advance the Indonesian community in South Korea, Anisfu said, BNI was providing financial support and expanding business opportunities where the diaspora could develop their companies. This method, since its implementation, has demonstrated BNI’s performance effectiveness as a global bank.
Anisfu added that the restaurant industry was currently one of the most popular business areas in South Korea. With BNI’s support and financing, Indonesian restaurants can hopefully grow and compete with other restaurants from other countries such as Thailand and Singapore.
“BNI always strives for advocacy and market opportunities that we can enter in South Korea, he said.
