Gwangyang FEZ Authority Holds Investment Cooperation Exchange Meeting with Indonesia

Discussion on Strategies to Expand Mutual Investment with the Batang Special Economic Zone

The Gwangyang Free Economic Zone Authority (headed by Koo Chungon, hereinafter referred to as Gwangyang FEZ Authority) announced on July 22 that it held an investment cooperation exchange meeting on July 21 at the Jeonnam Technopark auditorium, attended by more than 60 officials including representatives from the Embassy of Indonesia in Korea, the Batang Special Economic Zone, and businesspeople from the Gwangyang Bay area.

Last month, the Gwangyang FEZ Authority visited Indonesia and established cooperative relationships through meetings with the Vice Minister of the Ministry of Investment and the Batang Special Economic Zone, among others. As a follow-up to these efforts, this exchange meeting was organized.

Gwangyang Free Economic Zone Authority held an investment cooperation exchange meeting on the 21st at the Jeonnam Technopark auditorium, attended by more than 60 officials including the Embassy of Indonesia in Korea, Batang Special Economic Zone, and businesspeople from the Gwangyang Bay area. Provided by Gwangyang Free Economic Zone Authority

Ali Andika Wardhana, Charg? d'Affaires at the Embassy of Indonesia in Korea, stated, "At a time when investment and trade between Indonesia and Korea are becoming increasingly active, the holding of an exchange meeting for investment and industrial cooperation between the Gwangyang Bay area and the Batang Special Economic Zone is both strategic and timely. Through this exchange, I hope that a more systematic foundation for cooperation between the two regions will be established, that experiences in public sector development will be shared, and that bilateral corporate investment will be promoted."

In his welcoming remarks, Koo Chungon, Commissioner of the Gwangyang FEZ Authority, said, "If raw materials and processed resources from Indonesia are brought to our region and used to produce high value-added products based on Korea's technology and infrastructure, and then sold to the markets of Korea, China, and Japan, both regions can achieve mutual growth in terms of securing raw materials and pioneering markets. I hope that, through this investment cooperation exchange meeting, mutual investment and collaboration between companies in our region and Indonesia will expand in areas such as the paper industry, metal processing, functional chemicals, and energy."

Meanwhile, following a briefing on the current status of Indonesia, member companies of the Korea Smart E-Mobility Association and the Korea ESS Industry Promotion Association participated in a one-on-one export consultation exchange with the Indonesia Trade Promotion Center to explore new market opportunities.