According to Yonhap News,

(SEOUL=Yonhap News) The Korea Trade-Investment Promotion Agency provided one-on-one consulting services to venture capitals in Indonesia on May 19 at D.CAMP in Yeoksamdong, Seoul. The Indonesian venture capitals, mainly individual investors planning to invest in the early-stage startups, will meet with IT startups in Korea.

Indonesia, with the world's fourth-largest population, has reported a high economic growth rate of 4.92 percent in the first quarter of 2016.

Korean startups have a wide interest in the Indonesian IT market. The Indonesian venture capitals are willing to establish strategic cooperation relationships with Korean startups and companies striving to enter the Indonesian IT market.

iamlee@yna.co.kr

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