One Team Korea Aims for Package Export of New Capital and Mobility in Indonesia

The One Team Korea bidding support group, led by Won Hee-ryong, Minister of Land, Infrastructure and Transport, is heading to Indonesia.

Won Hee-ryong, Minister of Land, Infrastructure and Transport / Photo by Ministry of Land, Infrastructure and Transport

On the 14th, the Ministry of Land, Infrastructure and Transport announced that it will dispatch One Team Korea to Indonesia from the 15th to the 19th to achieve the goal of securing $50 billion annually in overseas construction orders. This is to actively support the activities of Korean companies related to large-scale projects such as the relocation of Indonesia’s new capital and the Jakarta Light Rail Transit (LRT). The government and the private sector are joining forces as One Team Korea to promote a 'package export' that combines urban construction, advanced technologies (mobility, smart city, etc.), and culture.

This year marks the 50th anniversary of diplomatic relations with Indonesia, which is the only country in ASEAN with a 'special strategic partnership.' At the opening ceremony of the '2022 Global Infrastructure Cooperation Conference (GICC)' held in Seoul last August, Tampubolon Susantono, Minister of the Indonesian New Capital Authority, requested the export of 'everything Korean,' which led the Ministry of Land, Infrastructure and Transport to expand the scope of One Team Korea.

One Team Korea will first attend the '1st Korea-Indonesia New City Cooperation Forum' held in Jakarta on the 16th, where they will deliver keynote presentations, hold business meetings, and conduct a roadshow. In the keynote presentations, Korea Land and Housing Corporation (LH) and Samsung C&T will present on the new capital and smart city, while Hyundai Motor Company and SM Entertainment will propose visions for new capital development focusing on mobility and cultural cooperation, respectively.

Memorandums of Understanding (MOUs) for cooperation in finance and solutions between the two countries are also scheduled to be signed. These include agreements between the Administrative City Construction Agency and the Indonesian New Capital Authority, as well as between Samsung C&T and Indonesia’s state-owned construction company WIKA. Alongside the forum, the 'Korea-Indonesia One Team Korea Roadshow' will feature nine domestic public and private companies such as LG CNS, Korea Land and Geospatial Informatix Corporation (LX), and Ecoland, focusing on smart city operation platforms, geographic information systems (GIS), and smart streetlights. Over 30 major Indonesian buyers will be invited for one-on-one meetings.

Minister Won will meet with high-level officials including the Indonesian Minister of Transportation, the Governor of Jakarta, the Minister of Public Works and Housing, the Deputy Minister of the New Capital Authority, and the ASEAN Secretary-General.

Based on the cooperation MOU for the 4th phase development of the Mass Rapid Transit (MRT) signed during his visit to Indonesia last November, Minister Won will support the participation of Korean companies in Jakarta’s urban rail projects. Discussions will also cover increasing supply capacity and diversifying routes between the two countries. At the Jakarta LRT 1A phase trial ride event, domestic urban rail technologies will be promoted, and the participation of Korean companies in the subsequent IB phase will be emphasized. With the ASEAN Secretary-General, mutually beneficial and sustainable cooperation plans will be explored.

Additionally, Minister Won will be the first foreign high-level official to visit the East Kalimantan region and Nusantara, the planned site of Indonesia’s new capital. The new capital relocation is a 40 trillion won infrastructure project to be carried out in five phases through 2045. He will also visit the Hyundai Motor Indonesia plant, completed in March last year, as well as Hyundai Engineering’s oil refinery and Korea Water Resources Corporation’s carbon-neutral water treatment plant, taking time to encourage Korean workers.

Minister Won said, "Indonesia was the top country in overseas construction orders last year and is one of our key infrastructure cooperation partners. Projects that our companies have long worked on, such as the new capital and urban rail, are set to be actively promoted." He added, "The public and private sectors will support the competitiveness of our companies together as One Team Korea, and through the cross-ministerial public-private joint organization, the 'One-Stop Export and Order Support Group,' we will actively resolve any difficulties."

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