[Full Text] Yoon "Strengthening Strategic Cooperation with Indonesia... Enhancing Practical Cooperation in Supply Chains and Economic Security"

"Deepening Cooperation on Major International Issues... Sharing Concerns over North Korea's Nuclear and Missile Threats"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol stated in a joint press release following the summit meeting with Indonesian President Joko Widodo at the Yongsan Presidential Office on the 28th, "We have agreed to further strengthen strategic-level cooperation between the two countries in line with the international situation," specifying that "we will enhance practical cooperation between the two countries, encompassing supply chains and economic security."

President Yoon added, "President Joko Widodo and I have agreed to build a strategic alliance in advanced industries such as electric vehicles and batteries by strengthening economic security cooperation between the two countries, including stabilizing the supply chain of critical minerals."

The two leaders also agreed to deepen cooperation on major international issues. President Yoon said, "Indonesia is the only G20 member country in Southeast Asia and the chair country this year. Our government actively supports Indonesia's G20 chairmanship activities," and explained, "We look forward to attending the G20 summit in November this year and will actively cooperate to ensure a successful meeting."

Furthermore, he emphasized, "We share concerns about North Korea's nuclear and missile threats and have agreed to work together for a united international response. We will closely cooperate to resolve the Ukraine crisis and the international food and energy crises, and continue to support the restoration of democracy and the resolution of the humanitarian crisis in Myanmar."

Below is the full text of President Yoon's joint press release.

I sincerely welcome President Joko Widodo's official visit to Korea.

Since establishing diplomatic relations in 1973, Korea-Indonesia relations have achieved remarkable progress in the fields of economy, trade, culture, human exchange, and diplomatic security. Indonesia is a leading country in ASEAN and the only Southeast Asian country to have a 'Special Strategic Partnership' with us.

Korea and Indonesia share the goal of peace and common prosperity in the Indo-Pacific region. Maintaining a rules-based international order aligns with the interests of both countries.

Today, I agreed with President Joko Widodo to further strengthen strategic-level cooperation between our two countries in response to the changing international situation.

First, we laid the groundwork for the new government's diplomacy toward ASEAN. ASEAN is a key partner for peace and common prosperity in the Indo-Pacific region. It is one of the most important elements of our Indo-Pacific strategy.

I shared with President Joko Widodo our perspective on the strategic importance of ASEAN and conveyed a strong will to strengthen cooperation with ASEAN. Based on firm support for ASEAN centrality, we will harmonize our Indo-Pacific strategy with ASEAN's views. To this end, the two countries agreed to maintain close communication going forward.

Secondly, we agreed to further enhance practical cooperation between the two countries, including supply chains and economic security. Indonesia is a country rich in critical minerals such as nickel, which are important materials for our country's advanced industries.

President Joko Widodo and I agreed to build a strategic alliance in advanced industries such as electric vehicles and batteries by strengthening economic security cooperation between the two countries, including stabilizing the supply chain of critical minerals.

We also agreed to closely cooperate on common interests within the framework of the recently launched Indo-Pacific Economic Framework (IPEF). We shared the view that the early implementation of the Korea-Indonesia Comprehensive Economic Partnership Agreement (CEPA) and the Regional Comprehensive Economic Partnership (RCEP) will contribute to expanding practical cooperation between the two countries.

I also requested special attention and support for Korean companies investing in Indonesia.

Regarding the Indonesian capital relocation project, which President Joko Widodo is focusing on, both sides agreed to cooperate more closely. Our experience in constructing Sejong City will serve as a good reference for Indonesia.

Through today's summit, the two countries revised the MOU on capital relocation cooperation. We have laid the foundation for our companies to actively contribute to infrastructure, electronic administration, and smart city construction in Indonesia's new capital.

Defense and defense industry cooperation is another core pillar of bilateral relations. We jointly celebrated the successful first test flight of the KF-21, the next-generation fighter jointly developed by the two countries.

We reaffirmed our commitment to continue cooperating to ensure the smooth progress of the next-generation fighter joint development project until its completion.

Based on the world-class technology and production capacity of our defense industry, we will actively promote other defense industry cooperation in the future.

Finally, we agreed to deepen cooperation on major international issues.

Indonesia is the only G20 member country in Southeast Asia and the chair country this year. Our government actively supports Indonesia's G20 chairmanship activities. We look forward to attending the G20 summit in November this year and will actively cooperate to ensure a successful meeting.

We share concerns about North Korea's nuclear and missile threats and have agreed to work together for a united international response. We will closely cooperate to resolve the Ukraine crisis and the international food and energy crises, and continue to support the restoration of democracy and the resolution of the humanitarian crisis in Myanmar.

Through today's dialogue with President Joko Widodo, I felt that we have many commonalities. As we celebrate the 50th anniversary of Korea-Indonesia diplomatic relations next year, I intend to meet and communicate frequently with President Joko Widodo to elevate our Special Strategic Partnership to a higher level. Thank you.

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