Politics
Jokowi assures South Korean CEOs won’t face any investment problems
If you have any investment-related issues, please contact our Minister of Investment or our Coordinating Minister of Maritime Affairs and Investment. If they can’t solve it, you can contact me directly for (solving) problems (encountered) in eg
Jakarta (ANTARA) – President Joko Widodo (Jokowi) has assured South Korean CEOs that investment problems will be quickly resolved if they encounter obstacles in their investments in Indonesia.
President Jokowi made the assurance during a meeting with South Korean CEOs at the Lotte Hotel, Seoul, South Korea, on Thursday morning.
“If any investment-related issues arise, please contact our Minister of Investment or our Coordinating Minister of Maritime Affairs and Investment. If they cannot resolve it, you can contact me directly for (resolution of ) problems (encountered) in permits, immigration, and others,” said Jokowi, informed by the press office of the presidential secretariat.
Jokowi pointed out that the Indonesian government continues to simplify and facilitate investment regulations with the implementation of the Omnibus Job Creation Law.
Related News: Jokowi meets Prime Minister Kishida during official visit to Japan
“This is a structural reform carried out by the Indonesian government to provide maximum investment opportunities,” the president remarked.
The head of state also expressed his gratitude to South Korean CEOs for their investment in Indonesia. He spoke of having observed a significant increase in South Korean investment.
“Now South Korea is the sixth largest investor in Indonesia. It’s a very good achievement, and we hope South Korea will enter the top three in Indonesia,” he said.
Jokowi pointed out that the Indonesian economy was in good shape, with growth in the first quarter of 2022 having reached 5.01%, with inflation contained at 4.3%.
“Indonesia’s trade surplus in the first half of this year reached $24.8 billion. It was a very big leap from us. It’s also thanks to all your support, especially those who are export-oriented,” said Jokowi.
Related News: Jokowi extends G20 invitation to Chinese president
Moreover, Jokowi invited the CEOs to collaborate in the development of the economy of the two countries.
“Let’s work together to build a better economy for our countries,” he said.
After the meeting, Jokowi witnessed the signing of a Memorandum of Understanding between the Ministry of Investment and PT Krakatau Steel and POSCO Holdings.
Participants in the meeting were the CEOs of POSCO, Lotte Chemical, LG Corporation, GS E&C, Samsung Electronics, LX Holdings, Taekwang and KCC Glass, as well as South Korea’s Ambassador to Indonesia, Park Tae-sung.
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