Oh Byung-kwon Acting Director Discusses Economic and Trade Cooperation with Indonesian Senate Deputy Speaker

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Oh Byeong-kwon, Acting Governor of Gyeonggi Province, met with Nono Sampono, First Deputy Speaker of the Indonesian Senate, at the Gyeonggi Provincial Government on the 24th to discuss ways to promote exchange and cooperation with Indonesia in the fields of economy and trade.

The Indonesian Senate delegation of seven members, including First Deputy Speaker Nono Sampono, visited Korea on the 22nd at the invitation of Kim Sang-hee, Deputy Speaker of the National Assembly.

During their visit, scheduled until the 27th of this month, the delegation visited Gyeonggi Province as the only metropolitan local government, holding a meeting to foster friendship and mutual exchange between the two countries.

At the meeting, Acting Governor Oh Byeong-kwon stated, "Indonesia is a key partner country in South Korea's New Southern Policy and a country with promising future development. Gyeonggi Province can be considered a new growth engine of the Korean economy, and we must effectively combine the economic capabilities of the province with those of Indonesia. We look forward to strengthened cooperation in the economic sector, new technologies in the era of the Fourth Industrial Revolution, and eco-friendly industries."

In response, First Deputy Speaker Nono Sampono said, "I know that Gyeonggi Province is the most developed among various local governments and is home to internationally well-known IT companies. If Gyeonggi Province and Indonesian metropolitan local governments establish sister city relationships and cooperate, there will be great potential for mutual growth not only in the economic sector but also in arts, tourism, and human resource exchange," expressing his expectations.

Recently, domestic companies have achieved notable results in Indonesia.

Hyundai Motor Company is building a local electric vehicle assembly plant and will begin full-scale production next year, while LG Energy Solution is focusing on Indonesia, the world's number one producer of nickel, a raw material for electric vehicle batteries.

In September, a groundbreaking ceremony was held for the Hyundai Motor-LG Energy Solution next-generation battery cell joint factory in Indonesia.

Gyeonggi Province views Indonesia as a key market for securing new growth engines for local companies and plans to create a dynamic economic exchange platform through active mutual visits and attracting trade and investment delegations once the COVID-19 situation improves.

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