Indonesia asks S Korean businesses to increase investment

Jakarta (ANTARA News) - Indonesia has continued to urge South Korean businessmen to increase investment in the fields of infrastructure, energy and food security.

Indonesia made the request at a high level meeting in Jakarta on Monday.

The governments of Indonesia and South Korea held the first meeting of High-Working Level Strategic Dialogue (HWLSD).

The meeting was jointly chaired by Deputy Minister of Foreign Affairs A.M. Fachir and his counterpart from South Korea, Lim Sung-nam.

The meeting was held to strengthen bilateral relations between Indonesia and South Korea.

The meeting discussed economy, social culture, consular, labor and defense cooperation.

In addition to discussing bilateral issues, the two deputy ministers shared thoughts on strategic issues at regional and global levels, concerning the interests of both countries.

South Korea is a strategic cooperation partner for Indonesia. In 2016, South Korea was recorded as the sixth largest trading partner for Indonesia. It also ranked ninth in terms of realized foreign direct investment.

The government of Indonesia continued to urge South Korean businessmen to increase investment in the fields of infrastructure, energy and food security.

As for South Korea, Indonesia is an important partner in the region, especially in the fields of economy and trade.

At the meeting, both deputy ministers had identified strategic partnerships that were realized through bilateral cooperation.

The second meeting of HWLSD will be held in South Korea in 2019.(*)

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