Illustrative imageHead of the Investment Coordinating Board (ICB) of Indonesia said he and Minister of State-owned Enterprises Erick Thohir made a visit to the Republic of Korea on September 23 and 24 to call for more RoK investment to Indonesia.
Lahadalia said on September 28 that RoK investment in Indonesia in the second quarter of 2020 surged to 552.6 million USD, noting that this is a positive sign.
ICB statistics showed RoK investment in Indonesia in the first half of 2020 reached 683 million USD, a year-on-year increase of 25 percent.
Since 2015, the RoK has been the seventh biggest investor in Indonesia, after Singapore, Japan, China, Hong Kong (China), Malaysia and the Netherlands.
RoK investment in Indonesia during the period from 2016 to early 2020 focused on electricity, gas and water (944.3 millioin USD), machinery, electronics, medical equipment, electric and optical equipment (902.5 million USD), chemicals and pharmaceuticals (749.6 million USD), leather-footwear (552 million USD), and other industries absorbed 528.7 million USD.
Java is the top destination for RoK investors, attracting 4.5 billion USD, followed by Kalimantan with 1 billion USD, and Sumatra with 372.4 million USD./.