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Jakarta Post
The Jakarta Post
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Koreans relocate factories due to RI’s high labor costs

  • Ridwan Max Sijabat

    The Jakarta Post

Jakarta | Mon, January 21 2013 | 08:55 am

PREMIUM A number of Korean investors have closed down their factories and relocated them to other countries due to the increase in labor costs in the country, a senior executive of the Indonesian Employers Association (Apindo) has said.

Apindo’s secretary-general, Suryadi Sasmita, said the Korean companies had shut down their Indonesian factories as their requests to be exempt from paying the new...