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Jakarta Post

RI, S. Korea ink $6b deal in energy sector

  • Aditya Suharmoko

    THE JAKARTA POST

JAKARTA   /   Tue, March 10 2009   /  09:49 am

Indonesia and South Korea signed eight memorandums of understanding (MOU) Saturday worth nearly US$6 billion in various sectors, including energy, trade and the environment. The deals were signed during a business dialogue between the two countries as part of South Korean President Lee Myung-bak's three-day Indonesian visit. Indonesian Coordinating Minister for the Economy Sri Mulyani Indrawati said the MOUs would strengthen bilateral relations in trade and investment. "By strengthening Korean-Indonesian relations, we can also boost economic support during this global crisis," she said. Mulyani added Indonesia appreciated the commitment of South Korean businesses to stay in Indonesia during the 1997-1998 Asian financial crisis, when most foreign businesses fled the country. "We appreciate the commitment [to stay here] in 1998," she said. ...