Meet Prabowo, South Korean entrepreneurs appreciate the openness of government

Jakarta -A number of South Korean top entrepreneurs who are members of the Korean Industrial Industrial Federation (FKI) met with President Prabowo Subianto in Merdeka Palace. During the meeting, they appreciated the openness of the Indonesian government in support of economic cooperation. “Korea appreciates the meeting with the president who is open, and the president hears one by one who appreciates the openness of the government,” the coordination of the Economy Airlangga Hartarto Minister after the meeting, Monday (4/28/2025). It is known, as many as 19 company representatives attended and brought reports on their investment development with Indonesia. One of the highlights comes from Lotte Chemical, of which the petrochemical factory would be inaugurated in September or October this year. Browse to continue the content “The President In principle, the principle of approved by Indonesia participates in the project. And give the task up to and with in between to conduct the study and follow up the investment,” Airlangga said. In addition to Lotte, a number of other major business groups have conveyed their achievements and plans. KB Financial Group, which runs Bank Bukopin, reports positive performance by winning profits for four consecutive years in Indonesia. Hyundai Motor Group also reported relatively good operations. Meanwhile, Posco Holdings has unveiled the planned expansion of collaboration with Krakatau Steel in the Pohang Steel project. “They will enter the second phase with a production capacity of up to 10 million tonnes. The first phase is complete, and the second phase will integrate their operations deeper,” Airlangga said. Other companies such as Ecopro have also shown a strong investment commitment, with almost USD 500 million invested in Morowali for the construction of the precursor cathode production facility and Nickel smelter. KCC Glass Corporation, which works in the Batang Industrial Estate, also unveiled its business expansion plan. Airlangga argued that the total investment value of the 19 business groups reached almost USD 15.4 billion, with an extra USD 1.7 billion investment plan. “The total investment of the 19 groups is nearly $ 15.4 billion. There will be an additional USD plan of 1.7 billion. The Korean Industrial Federation (FKI) is one of the most influential business organizations in South Korea, parallel to other prestigious institutions such as the Korean Chamber of Commerce and Industry (KCCI), the Korean International Trade Association (Kita) and the Korean Small Business Federation. Currently, FKI consists of 420 businesses, including big names, such as GS Corporation, Samsung Electronics, Kumho Industrial, Korean Airlines, Hanwha Corporation, Hyundai Motor, Daelim Industrial, LG, Posco and Boxan Construction. In addition, FKI houses 21 foreign investment companies and 65 other business organizations, including the manufacturing, wholesale and retail sectors, business services, transport, to the electronic and gas industry. This meeting highlights the increasing economic relations between Indonesia and South Korea amid the efforts of the two countries to expand cooperation in various strategic sectors. ‘See also Prabowo-Gibran videos receive the visit of Korean industrial bosses in the palace (Eva/AZH) whatsgeng Awards 2025 Read the inspirational story of the exemplary police candidate here