Hanoi (VNA) – The Republic of Korea (RoK) andIndonesia on May 26 agreed to expand economic ties to overcome challenges fromthe new coronavirus pandemic and seek green growth.
RoK Industry Minister Moon Sung-wook met his Indonesiancounterpart, Luhut Binsar Pandjaitan, in Seoul to discuss a wide array ofbilateral economic issues.
During the meeting, Seoul and Jakarta vowed to jointlymake efforts in rolling out the so-called Green New Deal policies, which centeron seeking more sustainable development and reducing the emission of greenhousegases.
The two countries agreed to speed up a process to fullyimplement the Comprehensive Economic Partnership Agreement (CEPA), anequivalent of a free trade agreement, which was signed last December.
Seoul and Jakarta are both awaiting parliamentaryapproval.
Moon also requested Indonesia continue offering supportto RoK’s businesses based in the Southeast Asian country.
The two ministers shared ideas on improving the businessenvironment for various industries, including automobiles, rechargeablebatteries and textiles.
A day earlier, the two nations also signed a Memorandumof Understanding (MoU) to accelerate e-Government, or an electronic-based governmentsystem (SPBE) through the Digital Government Cooperation Centre (DGCC).
With the help from the RoK, Indonesia will focus onaccelerating the implementation of the SPBE Plan Map, Architecture andManagement, Technology 4.0 and Digital Talent Development.
On May 24, Indonesian Investment Minister BahlilLahadalia announced that State-owned Indonesia Battery Corporation (IBC) andRoK-based LG Corporation will cooperate to build a 1.2-billion-USD batteryplant in Bekasi city, on the eastern border of the capital Jakarta.
In the first phase, the plant will have a productioncapacity of 10 GWh, which will later be used for EVs from Hyundai, he said./.
RoK Industry Minister Moon Sung-wook met his Indonesiancounterpart, Luhut Binsar Pandjaitan, in Seoul to discuss a wide array ofbilateral economic issues.
During the meeting, Seoul and Jakarta vowed to jointlymake efforts in rolling out the so-called Green New Deal policies, which centeron seeking more sustainable development and reducing the emission of greenhousegases.
The two countries agreed to speed up a process to fullyimplement the Comprehensive Economic Partnership Agreement (CEPA), anequivalent of a free trade agreement, which was signed last December.
Seoul and Jakarta are both awaiting parliamentaryapproval.
Moon also requested Indonesia continue offering supportto RoK’s businesses based in the Southeast Asian country.
The two ministers shared ideas on improving the businessenvironment for various industries, including automobiles, rechargeablebatteries and textiles.
A day earlier, the two nations also signed a Memorandumof Understanding (MoU) to accelerate e-Government, or an electronic-based governmentsystem (SPBE) through the Digital Government Cooperation Centre (DGCC).
With the help from the RoK, Indonesia will focus onaccelerating the implementation of the SPBE Plan Map, Architecture andManagement, Technology 4.0 and Digital Talent Development.
On May 24, Indonesian Investment Minister BahlilLahadalia announced that State-owned Indonesia Battery Corporation (IBC) andRoK-based LG Corporation will cooperate to build a 1.2-billion-USD batteryplant in Bekasi city, on the eastern border of the capital Jakarta.
In the first phase, the plant will have a productioncapacity of 10 GWh, which will later be used for EVs from Hyundai, he said./.
VNA
