Indonesian Ambassador to Korea Meets Korean Companies, Requests Expansion of Global Supply Chain and Investment

FKI Holds Meeting with Indonesian Ambassador to Korea

Gandhi Sulistiyanto, the newly appointed Ambassador of Indonesia to Korea.

[Asia Economy Reporter Jin-ho Kim] Gandhi Sulistiyanto, the newly appointed Ambassador of Indonesia to Korea, met with Korean businesspeople to request the establishment of a global supply chain and expansion of investment.

According to the Federation of Korean Industries (FKI) on the 31st, Gandhi Sulistiyanto, Ambassador of Indonesia to Korea, met with Korean businesspeople at the FKI Conference Center in Yeouido, Seoul, that morning and made this request.

Ambassador Gandhi Sulistiyanto emphasized, "Korea and Indonesia must cooperate to build a global supply chain to strengthen the ecosystem of raw materials, intermediate goods·manufacturing·logistics·storage·distribution." He introduced ▲infrastructure ▲export industries ▲green energy ▲labor-intensive industries ▲mining as Indonesia's five key sectors for attracting foreign investment and requested full investment support from Korean companies.

Ambassador Gandhi Sulistiyanto also highlighted that Indonesia will host the 'G20 Summit' in November this year and introduced that the Indonesian Chamber of Commerce and Industry (KADIN), the host organization of the related business meeting 'B20 Summit,' invited the FKI and its member companies as representatives of the Korean business community.

In his greeting, Kwon Tae-shin, Vice Chairman of the FKI, introduced Indonesia as "a young country with an average age of 29 and with limitless growth potential, expected to become the world's 4th largest economy by 2030," adding, "It is a special country with the first connection in many fields for us." Indonesia is Korea's first overseas investment destination, overseas resource investment country, and overseas manufacturing investment country.

Vice Chairman Kwon emphasized, "Since Korea and Indonesia have signed the CEPA (Comprehensive Economic Partnership Agreement) promising a high level of market opening, we hope the agreement will be ratified soon so that trade and investment between the two countries can become more active."

Meanwhile, about 20 executives from major companies including Vice Chairman Kwon Tae-shin of the FKI, Hanwha Corporation, KCC Glass, LX International, Lotte Chemical, Hana Bank, Shinhan Bank, Samsung Electronics, Hyundai Motor Company, SK E&S, POSCO, Hyundai Engineering, KB Kookmin Bank, and Daewoong Pharmaceutical attended the meeting. They raised difficulties in investment in Indonesia and exchanged opinions on ways to promote economic cooperation between the two countries.

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