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Jakarta Post

RI, South Korea boost business links despite pandemic

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    Jakarta

Jakarta   /   Fri, October 2 2020   /  01:00 am
Courtesy call: Indonesian Foreign Minister Retno Marsudi (right) talks to South Korean Deputy Foreign Minister for Political Affairs Kim Gunn during his visit to Jakarta on Monday, Sept. 28, 2020.(twitter.com/@Menlu_RI)

Indonesia and South Korea have strengthened their business ties with investments worth trillions of rupiah that will also create thousands of job opportunities in the Southeast Asian country. A recent visit of State-Owned Enterprises Minister Erick Thohir and Investment Coordinating Board (BKPM) head Bahlil Lahadalia to Seoul resulted in at least three business deals, Foreign Minister Retno LP Marsudi said on Wednesday. South Korean glass manufacturer KC Glass Co. Ltd. is set to invest Rp 5.1 trillion (US$342.9 million) in a deal that can help employ up to 1,300 Indonesian workers. Meanwhile, garment company PT Sejin Fashion Indonesia, a subsidiary of South Korean footwear manufacturer Parkland Co., Ltd., plans to relocate its production base from China to Indonesia. With an investment of Rp 1.2 trillion, it could provide 4,000 new jobs for Indonesians. Sejin plans to re...