South Korean President Moon to Visit Indonesia, Discuss Efforts to Boost Economic Cooperation

South Korean President Moon Jae-in is scheduled to visit Indonesia on Nov. 8-10, when he is expected to increase economic cooperation and expand bilateral strategic partnerships to accelerate industrialization in the Southeast Asian nation, the Ministry of Foreign Affairs said in a statement on Thursday (01/11). Photo/Kim Hong-ji)

By : Sheany | on 3:14 PM November 02, 2017
Category : News, Foreign Affairs

Jakarta. South Korean President Moon Jae-in is scheduled to visit Indonesia on Nov. 8-10, when he is expected to increase economic cooperation and expand bilateral strategic partnerships to accelerate industrialization in the Southeast Asian nation, the Ministry of Foreign Affairs said in a statement on Thursday (01/11).

Next week's visit will mark Moon’s first to Southeast Asia since taking office in May. He is scheduled to visit Vietnam and the Philippines during his trip to the region to bolster diplomatic ties with member countries within the Association of Southeast Asian Nations (Asean).

"Indonesia and South Korea will strengthen bilateral cooperation and expand our current strategic partnership into a special strategic partnership […] especially to accelerate industrialization in Indonesia," Edi Yusup, the ministry’s director for East Asia and Pacific, told reporters during a press briefing in Jakarta.

Moon is set to meet President Joko "Jokowi" Widodo for a bilateral meeting in Bogor, West Java, on Nov. 9, when the two leaders are expected to discuss efforts to increase economic cooperation, trade, investment, protection for Indonesians abroad and regional issues, including rising tensions on the Korean Peninsula.

Edi said three memorandums of understanding on industry, transportation and health are expected to be signed during the meeting.

During his visit, Moon will also attend an Indonesia-Korea business forum in Jakarta. The event will gather around 300 business leaders from the two countries.

The South Korean business delegation includes some of the East Asian country’s business conglomerates, such as Lotte Group, Hyundai Motor and Kia Motors.

"The Indonesia-Korea special strategic partnership will not only include more cooperation between the two countries, but also intensity and exchanges," Foreign Affairs Ministry spokesman Arrmanatha Nasir said.

Edi also added that South Korea has expressed interest in assisting Indonesia in its industrialization, and the partnership will include more dialogues to bolster cooperation in steel, petrochemicals and automobiles production.

"Hyundai and Kia has also expressed their interest to invest in the automobile industry in Indonesia," Edi said.

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