The partnership between South Korea and Indonesia has become stronger over the years through collaborative projects and common interests. South Korea is known for its expertise in science and technology, while Indonesia is a fast-growing economy with large mineral reserves. The two countries marked their 50th year of diplomatic relations this year.
The Korea-Indonesia Economic Cooperation Forum discussed the vast business opportunities in eco-friendly and digital economy sectors. Both countries are aiming for common prosperity based on mutual trust built over the past 50 years.
South Korea pledged to support Indonesia’s vision of becoming the fifth largest economy in the world and to assist in the development of an electric vehicle ecosystem. The two nations are also exploring cooperation in industries such as defense, electric vehicles, batteries, and smart cities.
The event gathered over 1,000 participants, including government officials and business leaders from both countries. Indonesian President Joko Widodo and South Korean President Yoon Suk Yeol reiterated their commitment to deepening their strategic partnership.
Bilateral cooperation will focus on stabilizing the supply chain for economic security and transitioning to an eco-friendly, digital economy. Both countries will also collaborate on energy cooperation, addressing the global climate crisis and expanding trade relations through the Indonesia-Korea Comprehensive Economic Partnership Agreement.
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