South Korean firms mull investing in Indonesian power plants

Are conducting feasibility studies that will include other infrastructure projects.

South Korean Ambassador to Indonesia Kim Young-sun also said
South Korean investors are interested in sectors such as textile, electronic and steel.

He said that representatives from some South Korean companies recently revealed an interest in investing in power plant construction and infrastructure in Indonesia. She noted that infrastructure is very important to support Indonesia`s industrialization and development.

He pointed out that bilateral trade and investment between South Korea and Indonesia have been expanding due to mutually beneficial and complementary economic structures.

In 2012, Indonesia exported natural gas, coal, oil and other energy resources worth US$15.7 billion to South Korea and imported petrochemical goods, knitted textiles, synthetic resins, hot rolled and steel sheets worth US$13.9 billion.

The ambassador expressed hope the Comprehensive Economic Partnership Agreement between South Korea and Indonesia will soon be implemented. Negotiations are still ongoing.

He said CEPA will not only facilitate bilateral trade and investment but also ensure better market access and favorable regulatory environment.