JAKARTA - Indonesia and South Korea agreed to expand cooperation between the two countries, related to the construction of a new capital city on the island of Borneo, replacing Jakarta, opening up opportunities for Ginseng State companies to actively participate, when President Yoon Suk-yeol received a visit from President Joko Widodo (Jokowi) in Seoul. , Thursday.
The two countries signed an agreement in 2019 to work together on an ambitious US$32 billion project, in which Indonesia will move its capital to Nusantara in Kalimantan. No time frame has been announced for its completion.
The new agreement "lays the groundwork for our company to actively contribute to building Indonesia's new capital infrastructure, electronic government and smart city system," President Yoon said at a joint press conference.
Meanwhile, President Jokowi said the two countries had started a partnership in the development of a new capital city, including in the fields of construction and water supply.
Furthermore, President Yoon said South Korea could share its experiences from building the administrative city of Sejong, which was officially launched in 2012.
In addition to the issue of building a new capital city, President Jokowi is also encouraging investment partnerships with Korea, particularly in the development of electric vehicles in Indonesia, including battery industry projects integrated with the mining and automotive steel industries.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
