The Jakarta Post
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...