Jakarta (ANTARA) - Indonesia has myriad opportunities and vast potential for cooperation with South Korea in several fields, said Pahala Nugraha Mansury, Deputy Minister of Foreign Affairs, on Thursday.

"We (Indonesia) provide many opportunities and potential, such as in the fields of green economy and blue (economy), energy transition, and food-related industries," he stated in a video presented at the 50th anniversary of Indonesia-Korea diplomatic relations.

"Therefore, I would like to invite the private sector and investors from the Republic of Korea to take advantage of this potential," he remarked.

South Korea is one of the most important partners for Indonesia, particularly in Asia, Mansury added.

In 2022, the trade value between Indonesia and South Korea had reached US$24.5 billion, making South Korea the seventh-largest trading partner for Indonesia.

"The Republic of Korea's investment in Indonesia in 2022 has reached US$2.3 billion, making it the seventh-largest investor in Indonesia," he remarked.

Mansury expressed his belief that numerous opportunities for increased cooperation still exist, and the business community plays a crucial role in intensifying such engagement and collaboration.

Diplomatic relations between Indonesia and South Korea were established in 1973, and the two countries have twice elevated their ties to the level of strategic partnership, first in 2006 and subsequently to the level of special strategic partnership in 2017

Indonesia also stands at the forefront of implementing the "Strategy for a Free, Peaceful and Prosperous Indo-Pacific Region" and the "Korea-ASEAN Solidarity Initiative (KASI)" announced by the South Korean government in November 2022.

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Translator: Cindy Frishanti Octavia, Katriana
Editor: Anton Santoso
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