Apindo Chairperson Shinta Kamdani noted that this council would serve as a platform for bringing together business giants, associations, and investment champions from Indonesia and South Korea.
During the Korea-Indonesia Business Roundtable in Jakarta on Monday, she noted that Korean investments in Indonesia totaled US$15.4 billion as of 2023, a new annual record of US$2.98 billion being set the following year.
"These figures prove that not only is Indonesia a destination for investment, but this country is also a strategic partner in long-term, sustainable growth," she remarked.
In response to this favorable trend, Apindo and FKI also decided to sign a memorandum of understanding, which is expected to drive their nations to enhance cooperation in downstream industries, renewable energy, digital infrastructure, and the digital economy.
Kamdani explained that this agreement also reflects the two countries' shared commitments to collaborating in achieving common economic interests across various key sectors.
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Furthermore, she emphasized Apindo's goal to strengthen Indonesia-South Korea business relations by involving the Indonesian Investment Management Agency (Danantara) in building strategic partnerships in downstream and green energy projects.
"Apindo's work involves facilitating business matching events, planning co-investment projects, and driving joint ventures in downstream industries, infrastructure, renewable energy, manufacturing, and more," she stated.
She affirmed that Apindo is dedicated to working with the Indonesian government and relevant stakeholders to simplify regulations, enhance transparency, and create a fair investment ecosystem, including for South Korean business actors.
"In order to navigate the global trade landscape, which has been affected by the United States' new tariffs, Indonesia and South Korea need to work in synergy to strengthen supply chains and expand their bilateral trade scope," she remarked.
After the roundtable, FKI delegates met with President Prabowo Subianto at the Merdeka Palace in Jakarta to discuss ways to further strengthen bilateral economic relations.
The meeting, which began at 11:05 a.m. local time, was attended by 19 Korean business representatives, including executives from Hyundai and Lotte Group.
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Translator: Maria C, Tegar Nurfitra
Editor: Rahmad Nasution
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