TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsKorean firm to invest in six sectors
JAKARTA: Coordinating Economic Minister Hatta Rajasa said a group of South Korean companies, the Hanwha Corporation, would invest billions of US dollars in six sectors in Indonesia
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
J
AKARTA: Coordinating Economic Minister Hatta Rajasa said a group of South Korean companies, the Hanwha Corporation, would invest billions of US dollars in six sectors in Indonesia.
“They are really serious about investing in the finance, renewable energy, petrochemical, coal mining, electric car and tourism sectors,” Hatta said at his office on Tuesday.
“Investment in petrochemicals alone could reach between $3 billion to $5 billion, while investment in tourism could reach $1 billion to $2 billion.”
However, Hatta could not specify when Hanwha, which had 52 subsidiaries, would realize its plan. “They will study Indonesian industry data and conditions thoroughly. But investment in the finance sector could [start] in 2011,” he said.
Hanwha currently has a representative office in Jakarta, according to its official website. — JP
