Korean Companies Seek to Expand Presence in Indonesia Leveraging Green Transition Projects

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By Global Team

The Ministry of Environment is seeking to expand the presence of Korean companies in Indonesia based on the green transition project in the country.

From April 9 to 11, the Ministry sent a Green Transition Support Team led by Vice Minister Lee Byeong-hwa to Indonesia. The visit aims to enhance cooperation between the two countries based on Official Development Assistance (ODA) projects, thereby increasing opportunities for domestic green enterprises.

On April 9, in Jakarta, Vice Minister Lee met with Febrian Alfianto Ludiar, Indonesia’s Vice Minister of the National Development Planning Agency, to discuss ways to expand cooperation in climate and environmental fields and to explore opportunities for Korean businesses to enter the market.

South Korea is currently constructing a water treatment plant capable of processing 10,000 tons per day in the new administrative capital, Nusantara, with plans to provide Korean-standard quality tap water to 40,000 people.

A roundtable was also held the same day with green enterprises already operating in the region. Participating companies emphasized that exchanges in climate and environmental fields were key to improving the conditions for entering the market.

Vice Minister Lee at a roundtable with Korean green enterprises in Indonesia
Vice Minister Lee at a roundtable with Korean green enterprises in Indonesia

On April 10, the team moved to Bali to inspect the pilot project for electric bus deployment and the smart water management project. Bali Governor Wayan Koster expressed a desire to expand cooperation in Korea’s electric vehicle technology, stating that it will play a key role in Bali’s eco-friendly tourism policy.

The Ministry also introduced the World Environment Day event scheduled to be held in Jeju Island. Both sides discussed cooperation in eco-friendly policies between Bali and Jeju, and Governor Koster expressed high expectations for potential synergies from mutual collaboration between Jeju and Bali.

Currently, the Ministry of Environment is pursuing three ODA projects in Indonesia. These include the establishment of water supply infrastructure in Nusantara, the deployment of electric vehicles in Bali, and the smart water management project in Denpasar. The total project cost is approximately 43 billion won.

Vice Minister Lee stated, “We aim to make ODA projects successful cases and strengthen the foundation for expansion in the Asia-Pacific region through follow-up project discoveries. We will support our companies to broaden their opportunities through technological prowess.”

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