South Korean Firms to Increase Indonesia Investments by $1.7 bln, Minister Says

FOREIGN DIRECT INVESTMENT - JAKARTA. South Korean companies will increase their investment in Indonesia by $1.7 billion, Indonesian economic minister Airlangga Hartarto said on Monday after attending a meeting between a South Korean business association and President Prabowo Subianto.

The planned increase is equal to more than 10% of the $15.4 billion that Airlangga said South Korean firms had already invested in Southeast Asia's largest economy, said Airlangga.

Read Also: Krakatau Chandra Energi Selesaikan Pembangunan PLTS Krakatau Posco