KOTRA Holds Korea-Indonesia Marine Plant and Service Industry Entry Consultation Meeting

[Asia Economy Reporter Suyeon Woo] KOTRA announced on the 25th that it held the '2021 Korea-Indonesia Offshore Plant and Related Service Industry Entry Consultation Meeting' online in collaboration with the Korea-Indonesia Offshore Plant Cooperation Center (KIORCC).

A total of 25 buyers from four countries, including Indonesia, Singapore, Malaysia, and Bangladesh, participated in this project. The sectors included ▲shipowners owning container ships, oil and gas tankers, bulk carriers, and passenger vessels ▲engineering and service companies ▲equipment dealers, among others. In response to these demands, a total of 40 Korean shipbuilding and marine equipment companies participated, and about 70 one-on-one consultations were conducted online. Follow-up consultations will be promoted according to additional demand.

The New Southern Region shares the commonality of having large market demand and development potential relative to its level of development. It is expected to be a region where the shipbuilding and marine industry will continue to grow, and Korean companies are anticipated to achieve results through active consultations.

KOTRA held the '2021 Korea-Indonesia Offshore Plant and Related Service Industry Entry Consultation' online from the 24th to the 25th of this month. Domestic participating companies are conducting online consultations with Indonesian companies. Photo by KOTRA

Korea and Indonesia signed the 'Korea-Indonesia Shipbuilding Industry Cooperation Foundation Memorandum of Understanding (MOU)' during the Korea-Indonesia summit held in November 2017. As a follow-up measure to this, the consultation meeting has developed into a continuous exchange platform for Korean small and medium-sized enterprises and local companies. KOTRA and KIORCC plan to expand Korea-Indonesia cooperation in this field by inviting experts from both countries in the shipbuilding and marine sectors to hold a seminar in October.

Kim Sangmook, Head of KOTRA's Innovation Growth Headquarters, said, "Through this event, we were able to confirm cooperation demands not only from Indonesia but also from surrounding countries' companies," adding, "We hope that this consultation meeting will lead to expanded business with shipbuilding and marine equipment companies in the New Southern Region."

This content was produced with the assistance of AI translation services.