South Korean Companies Meet Jusuf Kalla To Discuss Investment

Seoul (Antara Bali) - A number of South Korean companies met Vice President Jusuf Kalla at the Conrad Hotel to discuss potential investments in Indonesia.

"We have already been investing in Indonesia for three years. Therefore, we are seeking a number of new projects where we can do so again for mutual benefit," Cho, the President of smart energy company Hyosung, said after a meeting with Vice President Jusuf Kalla on Thursday.

According to Cho, his investment in Indonesia had reached US$30 million until now. One of the businesses he has invested in is an oil palm plantation.

Cho revealed that he wants to expand investment in a number of sectors, such as infrastructure, energy, chemicals, and derivative products.

"Although we do not have a direct investment in Indonesia, we have a good history of  investing in Indonesia," he stated.

The President of Hyosung termed the investment opportunities in Indonesia as very attractive and said they could result in good profits because of the country¿s considerably large consumer base.

"Indonesia is a big country and the people are friendly. The country has a lot of potential and I look at the brighter side in Indonesia," he added.

The Vice President of the Hanwha Insurance Company, Jung In-sub, also expressed an interest in investing in Indonesia.

"Our company is interested in investing in the insurance sector of Indonesia," Jung said after the meeting.

Jung said he believed that the future of the Indonesian economy will be strong, despite the economy of the country currently slowing down.

He admitted that the Indonesian government had the ability to build Indonesia's economy through infrastructure development.  

"Our company is interested in Indonesia. We will be discussing this investment opportunity with all of our partners," Jung pointed out. (WDY)