Indonesia–South Korea relations
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Indonesia |
South Korea |
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Military cooperation
Fast growing trade and investment enabled the two governments to agree on a strategic partnership in 2006.
Residents
In 2012, there were about 38,000 Indonesian citizens living in South Korea.[7]
Economy and trade
In the past, the relations were only developed around trade and investments, such as the forestry and garment sectors. Today the cooperation has been expanded to a number of mega projects and advanced industries. With US$27 billion in bilateral trade, South Korea became the fourth biggest trading partner of Indonesia in 2012. It became the third-biggest foreign investor in Indonesia, with US$1.94 billion in investment.[2]
There are large numbers of South Korean companies that have been investing and operating in Indonesia, such as Miwon (Daesang Corporation),
In 2019, trade between Indonesia and South Korea was worth $15.65 billion, and between 2015 and 2019 South Korean companies invested nearly $7 billion in Indonesia. In December 2020, Indonesia and South Korea signed the Indonesia–Korea Comprehensive Economic Partnership Agreement. It is equivalent to a free trade agreement, though focuses on a broader scope of economic cooperation. Under the deal, Indonesia will scrap 94.8% of tariffs on South Korean products while South Korea will scrap 95.8% of tariffs on Indonesian products.[9][10][11] In May 2023, the central banks of South Korea and Indonesia signed a memorandum of understanding to promote bilateral trade in
Korea and Indonesia have been engaged in a variety of public diplomacy, with exchanges between local governments being the first. Local government public diplomacy, which began in 1961, increased rapidly in the 2000s, centered on friendly exchange projects, and entered a maturity period through the Park Geun Hyen government, which established customized public diplomacy projects there, the Moon Jae Inn government, which enacted the Public Diplomacy Act, and the Moon Jae Inn government, which sought to harmonize autonomy and international cooperation. [1]
Korean companies' investment and expansion in Indonesia also began in the 1960s, and it is encouraging that more Korean companies are gradually fulfilling their responsibilities as members of Indonesian society, free from the economic motives of cost reduction and market development. However, it is necessary to investigate how much Korean companies can respond to sensitive issues such as climate change and carbon neutrality that the Indonesian government is interested in.[2]
Culture
Among the top 10 most searched songs by Indonesians in 2020, three were Korean singers, and Korean dramas, including "Squid Game" and "Wise Doctor Life," were also very popular. In addition, according to the Indonesian Business Center of the Korea Creative Content Agency, Korean food culture, including ramen, chicken, and tteokbokki, has already become part of Indonesians' daily lives. In response, the Korean Cultural Center in Indonesia, along with the Korean Embassy and the Korean Association, visited five major cities in Java in 2019 by food trucks Jawa, a Korean friend, came to Java). In addition, the concert, co-hosted by the Western Java government and the Korean Association in 2022, was highly praised by the governor and leading presidential candidate Ganjar Pranowo (Baskhara 2022). [3]
The Korea Tourism Organization, or KTO, office was opened by the Indonesian government in Jakarta to promote bilateral collaboration and facilitate Indonesians' access to information about South Korea. It's in Central Jakarta, specifically in Sudirman. Whilst the Office of the Korean Cultural Centre, located in Senayan, South Jakarta, was likewise founded by the South Korean government. The Korean Culture Centre was officially opened and launched by South Korean Ambassador to Indonesia Kim Young-sun. He also noted that the building of the KCC was a reaction to Indonesians' strong interest in Hallyu.[14]
State visits
President
President
The first lady of South Korea, Kim-Keon-hee visited the Korean Embassy in Jakarta, Indonesia in September 2023. She shows her support for the Indonesian efforts to promote Korean Culture that related to Hallyu. The attendees received souvenirs as gifts from her supporting Busan's bid to host the 2023 World Expo.[15]
See also
Notes
- ^ Seulki Lee; Wibisono Notodirdjo; Sadika Hamid (23 May 2013). "Indonesia, S. Korea Lay Groundwork for Middle Power Partnership". en.tempo.co. Tempo.co. Retrieved 28 May 2013.
- ^ a b c Veeramalla Anjaiah (March 8, 2013). "40 years of friendship: S. Korea, Indonesia embark on stronger strategic partnership". www.thejakartapost.com. The Jakarta Post. Retrieved 28 May 2013.
- ^ 2014 World Service Poll BBC
- ISBN 9789073084063. Retrieved August 6, 2020.
- ^ Indonesia teams up with S. Korea to develop fighter jet Archived 2016-12-27 at the Wayback Machine
- ^ Junotane Korea - Foreign Affairs Archived 2012-07-09 at archive.today
- ^ "Relations". Archived from the original on 2016-11-27. Retrieved 2013-06-10.
- ^ Rangga D Fadillah. "Hankook announces US$353 million investment". The Jakarta Post. Archived from the original on 2011-01-24.
- ^ "Indonesia, South Korea sign CEPA to boost trade, investment". The Jakarta Post. Retrieved 2021-01-07.
- ^ "S. Korea, Indonesia Sign CEPA". world.kbs.co.kr. Retrieved 2021-01-07.
- ^ "South Korea and Indonesia sign deal to boost trade, investment". Reuters. 2020-12-18. Retrieved 2021-01-07.
- ^ "South Korea, Indonesia sign pact to shift away from dollar". The Nigerian Observer. Retrieved 4 May 2023.
- ^ "Korean and Indonesian central banks sign bilateral transactions MoU - Central Banking". www.centralbanking.com. 2023-05-05. Retrieved 2023-11-25.
- ^ Mangku, and Larasari., Dewa Gede Sudika, and Ni Nyoman. (2022-08-02). "KOREAN WAVE'S ROLE IN STRENGTHENING SOUTH KOREA-INDONESIA DIPLOMATIC RELATIONS". Korean Wave's Role in Strengthening South Korea-Indonesia Diplomatic Relations. 1: 61.
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: CS1 maint: multiple names: authors list (link) - ^ "Meeting first lady Kim Keon Hee in Jakarta, Indonesia". Korea.net. Retrieved 2023-12-12.