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Indonesia and South Korea ink Business Agreements to Boost Economic Ties

Updated:2017-11-14 9:53:13    Source:www.tannet-group.comViews:20

Tannet learns from Xinhua News that Indonesia and South Korea on signed business agreements potentially worth 1.9 billion U.S. dollars, covering transportation and other sectors.

The pacts came before a forum attended by visiting South Korean President Moon Jae-in earlier in the day. At the forum, Moon said that his country wanted to boost economic ties with Indonesia.

"So far, diplomacy between (South) Korea and Indonesia has been well conducted. I think diplomacy of (South) Korea must be undertaken with new paradigm, and Indonesia has a good prospect," President Moon said in the forum.

The South Korean president said that Indonesia has important roles in ASEAN region and it could survive amid global economic uncertainty.

"Amid global uncertainty, economic development in Indonesia records achievement by registering 5 percent growth. In ASEAN Indonesia has the greatest role, so that we want to be earlier than other nations in persuading Indonesia," said Moon.

The forum is also attended by 16 chairmen of South Korean firms.

Moon arrived here Wednesday on a three-day state visit. Indonesian President Joko Widodo welcomed his South Korean counterpart at a palace in a botanical garden near the country's capital on Thursday afternoon.

Chairman of Indonesian Chamber of Industry and Commerce Rosan P. Roeslani said on the sidelines of the forum that he was optimistic that bilateral cooperation between Indonesia and South Korea on investment and trade could be strengthened further. (Source: Xinhua News)

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