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Jakarta Post

RI, Korea to double trade in four years

  • The Jakarta Post

Jakarta   /   Wed, September 12 2018   /  12:16 am

Indonesian and South Korean business players have agreed on a US$6.2 billion business deal that will see several Korean companies invest in a number of manufacturing industries in Southeast Asia’s largest economy.

The signing of the business deal was witnessed by President Joko “Jokowi” Widodo and South Korean President Moon Jae-in during a bilateral business forum in Seoul that was organized in part to mark the 45th anniversary of diplomatic relations between the two countries.

Jokowi said the two countries set a target of boosting bilateral trade to $30 billion by 2022.

“Amid [financial] uncertainties around the world, Indonesia and South Korea manage to maintain a strong [diplomatic] relationship. Our trade in 2017 increased by 20 percent [to $17 billion],” Jokowi said in Seoul on Monday.

He expressed optimism over achieving the goal, as investors...