Korea-Indonesia Business Council set up to facilitate win-win cooperation
Korean investments in Indonesia totalled 15.4 billion USD as of late 2023, proving that Indonesia is not only a destination for investment, but also a strategic partner in long-term, sustainable growth.
The signing of a MoU on strategic partnerships across various sectors between the Indonesian Employers Association (Apindo) and the Federation of Korean Industries (FKI) in Jakarta on April 28 (Photo: ANTARA)
Jakarta (VNA) - The Indonesian Employers Association (Apindo) and the Federation of Korean Industries (FKI) have recently agreed to establish the Korea-Indonesia Business Council to facilitate and intensify mutually beneficial economic cooperation between the two nations.
Apindo Chairperson Shinta Kamdani said at the Korea-Indonesia Business Roundtable in Jakarta on April 28 that this council will help bring together business giants, associations, and investment champions from Indonesia and the Republic of Korea.
She noted that Korean investments in Indonesia totalled 15.4 billion USD as of late 2023.
This figure proves that Indonesia is not only a destination for investment, but also a strategic partner in long-term, sustainable growth, she remarked.
In response to this favourable trend, Apindo and FKI signed a memorandum of understanding, which is expected to drive their nations to enhanced cooperation in downstream industries, renewable energy, digital infrastructure, and the digital economy.
Shinta Kamdani explained that this agreement also reflects the two countries' shared commitments to collaborating in achieving common economic interests across various key sectors.
She also emphasised Apindo's goal to strengthen Indonesia-Korea busine🧸ss🌳 relations by involving the Indonesian Investment Management Agency (Danantara) in building strategic partnerships in downstream and green energy projects./.
The Indonesian National Research and Innovation Agency (BRIN) on September 25 said it is exploring the potential for research collaboration in converting food waste into energy with the Gyeongnam International Development Cooperation Centre (GNIDCC) and the Korea International Cooperation Agency (KOICA).
The Indonesian Government is aiming to expand exports to the Republic of Korea (RoK) through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect for the past year.
Indonesian Foreign Minister Retno Masurdi encouraged the Republic of Korea (RoK) to cooperate with ASEAN in the development of electric vehicles (EVs) at the recent ASEAN Post Ministerial Conference (PMC) with the RoK in Vientiane, Laos.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
