South Korea Pledges Rp 100 Trillion Investment, Largest Since 2010

Cindy Mutia Annur 09/08/2022 19:10 WIB

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In early August 2022, the Indonesian government secured investment commitments from South Korea totaling Rp100.69 trillion, or approximately US$6.7 billion.

South Korean Investment Value in Indonesia (2010-2022*)

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South Korea Pledges Rp 100 Trillion Investment, Largest Since 2010

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South Korean Investment Value in Indonesia (2010-2022*)

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According to Bahlil Lahadalia, Head of the Indonesian Investment Coordinating Board (BKPM), in early August 2022, the government secured investment commitments from several South Korean companies totaling Rp100.69 trillion, or approximately US$6.78 billion.

If realized, this investment value would be the most massive since 2010.

According to BKPM data, in 2010, investment from South Korea was only US$328.50 million. This then increased dramatically in 2011 to US$1.21 billion.

The highest investment value from South Korea was previously recorded in 2013, at US$2.2 billion. In subsequent years, the value fluctuated, reaching US$1.64 billion in 2021.

During the 2010-2021 period, there were a total of 24,579 South Korean investment projects in Indonesia. Projects from the K-Pop country were most numerous in 2020, with 5,468 projects.

In the first quarter of 2022, investment from South Korea to Indonesia reached US$445.6 million, ranking 7th largest after Singapore, Hong Kong, China, Japan, the United States, and Malaysia.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."