Choo Kyung-ho to Launch High-Level Investment Dialogue with Indonesian Minister

Establishing a 'Fast Track' for Investment Discussions Between the Two Countries

[Asia Economy Sejong=Reporter Kwon Haeyoung] Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho has agreed to launch a high-level dialogue on investment to expand investment cooperation between South Korea and Indonesia with Luhut Binsar Pandjaitan, Indonesia's Coordinating Minister for Maritime Investment.

According to the Ministry of Economy and Finance on the 15th, Deputy Prime Minister Choo attended the Korea-Indonesia Business Roundtable held on the 14th (local time) at the Nusa Dua Convention Center in Bali, Indonesia, where he signed a memorandum of understanding with Luhut Binsar Pandjaitan, Indonesia's Coordinating Minister for Maritime Investment, on this matter.

This meeting took place on the occasion of President Yoon Suk-yeol's visit to Indonesia to attend the Group of Twenty (G20) summit. As the need to promote investment cooperation between South Korea and Indonesia grew, the two countries agreed to launch a high-level dialogue to discover and promote bilateral investment cooperation projects. In particular, Minister Luhut is a powerful minister trusted by President Joko Widodo and is in charge of negotiations for attracting investments from major countries such as China. This channel is expected to serve as a 'fast track' for expanding mutual investments.

The Ministry of Economy and Finance expects that through this, ▲ policy cooperation to promote investment cooperation between the two countries ▲ discovery and facilitation of bilateral investment projects ▲ cooperation to resolve bottlenecks in the realization of bilateral investment projects will further strengthen economic cooperation between South Korea and Indonesia.

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