The Indonesian government remains committed to boosting cooperation with the Republic of Korea (RoK), Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said.
Coordinating Minister for Maritime Affairs and Investment of Indonesia Luhut Binsar Pandjaitan (center) at the Indonesia-Korea Investment Roundtable Dialogue 2021 (Photo: Antara)
Jakarta (VNA) – The Indonesiangovernment remains committed to boosting cooperation with the Republic of Korea(RoK), Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitanhas said.
He made the statement during theIndonesia-Korea Investment Roundtable Dialogue 2021 held on April 8, which wasjoined by the RoK Ambassador to Indonesia Park Tae-sung.
The signing of the Indonesia-RoKComprehensive Economic Partnership Agreement (IK-CEPA) last year reflectedcomprehensive cooperation between the two nations for a better future.
Indonesia has exerted efforts to turnitself into an investment destination for domestic and foreign investors,including businesses from the RoK, one of the most important investors in theSoutheast Asian nation over the last few decades.
Based on investment data for 2020, the RoKranked 5th out of 126 countries that channelled large investments intoIndonesia.
There are 5,467 investment projects underRoK companies with an investment value of 1.8 billion USD. This cooperation canbe developed into various other sectors, such as investment in the IndonesiaInvestment Authority and also the development of the downstream metal industryand renewable energy.
The Indonesian government recently issuedOmnibus Law that can support investment, improve Indonesia's value in the eyesof the global community, and increase the small- and medium-sized enterprisesin Indonesia.
Indonesia's GDP growth increased from -3.49percent in the third quarter of 2020 to -2.19 percent in the fourth quarter,showing that the government’s policies prove effective, Luhut said./.
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Coordinating Minister for Maritime Affairs and Investment of Indonesia Luhut Binsar Pandjaitan (center) at the Indonesia-Korea Investment Roundtable Dialogue 2021 (Photo: Antara) 
