The Indonesian Investment Coordinating Board (BKPM) signed an agreement with Korea Overseas Infrastructure & Urban Development Corporation (KIND) to explore the potential investment in the field of infrastructure and urban areas.
The agreement was signed by ICB’ deputy Ikmal Lukman and KIND EVP Han Kyu Lim in Seoul on Friday (Sep 20), witnessing by coordinating minister for maritime affairs Luhut Binsar Pandjaitan and Chairman of the Korea-Indonesia Economic Cooperation Committee under the Korea Chambers of Commerce and Industry (KCCI) Yoon Chun-sung.
Currently KIND is exploring 48 projects in Asia, 15 of which are in Indonesia. KIND projects in Indonesia are spread across several regions of Java, Sumatra, Sulawesi, and Kalimantan. The sectors of interest include transportation, the environment, logistics, power generation, urban area development, and water treatment plants.
Previously, responding to the request of Indonesia, Korean Eximbank intends to provide untied soft loans under the name of the Economic Development Partnership Facility (EDPF) to the country, said the minister at a bilateral meeting with President/Chairman of the Korean Eximbank Sung-soo Eun in Fiji, last July.
