InnoBiz Association Supports Indonesia's Digital Transformation

Kim Sejong, Director of the Innobiz Policy Research Institute (left), and Hanung Rahman, Vice Minister of Indonesia's Ministry of SMEs, are signing a business agreement.

The Inno-Biz Association (Korea Association of Small and Medium Business Technology Innovation) announced on the 2nd that it has signed a business agreement with Indonesia's Ministry of Cooperatives and Small and Medium Enterprises (KUKM) in Jakarta, Indonesia, to launch the international development cooperation (ODA) project titled "Introduction of Smart Factory for Industrial Transformation in Indonesia and Training of Skilled Personnel."

This project is based on Korea's experience in building smart factories and aims to support the digital transformation of manufacturing sites in Indonesian SMEs by providing related domestic interlocking equipment and solutions. It is actively promoted in line with the Indonesian government's "Making Indonesia 4.0" policy, which focuses on strengthening the competitiveness of manufacturing industries centered on key industrial sectors. Through the announcement of the "Making Indonesia 4.0" policy, Indonesia aims to enhance manufacturing competitiveness in key industries and enter the world's top 10 industrial nations by 2030.

As part of Korea's Ministry of SMEs and Startups ODA, this project will support the improvement of smart processes in 30 Indonesian SMEs, train over 130 Indonesian smart process improvement experts, and establish a local smart factory support center.

Hanung Rahman, Deputy Minister of Indonesia's Ministry of SMEs, who attended the event, stated, "Through this cooperation project, we hope to accelerate the digital transformation of Indonesian SMEs and share Korea's smart factory operation know-how, thereby further promoting exchanges between SMEs of both countries."

Kim Se-jong, Director of the Inno-Biz Policy Research Institute, said, "We are pleased to jointly promote this cooperation project with Indonesia's Ministry of SMEs to commemorate the 50th anniversary of Korea-Indonesia diplomatic relations this year," adding, "We will do our best to ensure that this project becomes an opportunity for mutual growth of companies in both countries."

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