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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.