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Korea, Indonesia to Hold Session over Private-Sector Investment
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South Korea will hold an event in Indonesia this week to explain private-sector investment situations there for Korean companies seeking to venture outside domestic borders, the finance ministry said Monday.

The event will be held in Jakarta over two days from Tuesday, according to the ministry. It is organized jointly by the ministry, the Korea Development Institute, and the Ministry of National Development Planning of Indonesia.

About 60 South Korean business people in such areas as construction, plants, engineering, asset management and power generation have applied to attend the event, indicating a high interest in business opportunities there, the ministry said.

The event is expected to provide a chance for officials and business people to have discussions on possible future cooperation in the private sector between the two countries.

Indonesia is emerging as an attractive market for many Korean companies as it seeks to expand its infrastructure investment over the next few years.

The Southeast Asian country plans to invest about 1,429 trillion rupiah (US$120 billion) in infrastructure between 2010-14 and seeks to raise 407 trillion rupiah through private investment, according to the ministry.

Source Text


Source: Yonhap News (Sep. 17, 2012)

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