South Korean Ambassador to Indonesia Park Tae-sung met the Governor of Central Java (Indonesia) Ganjar Pranowo. Discusses expanding cooperation in investment

 

South Korean Ambassador to Indonesia, Park Tae Sung visited the office of the Governor of Central Java, Ganjar Pranowo, on Wednesday, 19 May 2021, discussing increasing cooperation between South Korea and Indonesia, especially in Central Java, Indonesia.

As one of the largest investors in the country, including in Central Java, South Korea has quite a lot to stimulate the national economy. Investments that have entered are generally dominated by labor-intensive industries, such as garments and footwear products.

Ambassador Park Tae Sung said that “In the future, we hope that more types of investment will enter Central Java. Especially now that there is already a high-tech industry, namely KCC Glass Corporation, which has entered the Batang Industrial Estate, ”Ambassador Park also added, the glass factory will become the largest glass factory in Southeast Asia. It is possible that many other South Korean industries will follow. Many large companies from South Korea have high technology and can expand their investment in technology development in Indonesia. We will help promote to investors in South Korea to enter Central Java, "

At the end of April 2021, a head of agreement (HOA) was signed in the field of investment in the development of the battery industry, between the governments of South Korea and Indonesia. Based on the agreement, we hope that this battery investment can be realized in the Batang industrial area.

Governor Ganjar also mentioned that South Korea is the country with the second largest investment after Japan in Central Java. Of course we welcome this visit and we hope to increase cooperation. This is important to improve the economy, especially in the midst of a pandemic situation.

Governor Ganjar revealed that the Batang industrial area was indeed prepared for a technological industry. There have been many foreign investors who are interested in entering Batang, because quite a lot of incentives have been prepared in that place. There are from America, Germany, and many other countries who are interested. I thank the South Korean Ambassador, who has helped promote investment here. We want to explore more intensive cooperation in the fields of creative industries, education, culture, agricultural technology, and others.

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