Gwangyang FEZ Authority Launches Investment Promotion Mission in Indonesia

Visit to Jakarta and Surabaya from June 11 to 17
Briefing Session for Companies Related to Core Materials Supply Chain
"Opportunity for Mutual Growth and Development through Investment and Industrial Cooperation"

The Gwangyang Bay Area Free Economic Zone Authority (headed by Koo Choongon, hereafter referred to as Gwangyang FEZ Authority) announced on June 11 that it will visit Jakarta and Surabaya in Indonesia for seven days until the 17th, conducting investment promotion activities aimed at attracting companies related to the core materials supply chain.

This investment promotion initiative will include meetings with vice ministers at the Ministry of Investment and Downstream Industries of Indonesia, a roundtable with the Korean Chamber of Commerce, an investment briefing session for global companies in Indonesia, and discussions on cooperation with the Batang and Gresik Special Economic Zones.

Panorama of Gwangyang Bay Area Free Economic Zone Authority

Indonesia possesses abundant natural resources such as key minerals including nickel and aluminum, as well as energy, timber, rubber, and palm oil. With a population of approximately 280 million, it is the fourth most populous country in the world, and is developing into a central ASEAN nation thanks to its vast domestic market and rapid economic growth.

Koo Choongon, Commissioner of the Gwangyang FEZ Authority, stated, "This investment promotion activity in Indonesia will serve as an opportunity for mutual growth and development in investment and industrial cooperation between the two regions, by leveraging Gwangyang Bay Area's experience and technology in the secondary battery, steel, and chemical industries, alongside Indonesia's abundant natural resources and young workforce."

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