JAKARTA: The Indonesian and South Korean governments have agreed to pair 100 small and medium enterprises (SMEs), allowing Indonesian SMEs to promote products in South Korea and attract more investment from the country.
South Korea’s Busan Indonesia Center (BIC) has prepared an exhibition center for Indonesian SME products and reliable marketers to promote the products, said the secretary to the cooperatives and small and medium enterprises minister, Agus Muharram.
“One hundred Indonesian SMEs will partner with South Korean SMEs. They manufacture metal goods, mechanical tools, information and technology components, software and processed foods,” he said as quoted by kompas.com in Jakarta on Thursday.
The partnership, he continued, could also boost South Korea’s investment in Indonesia as well as encourage technology transfer between the two countries. It is a follow up on cooperation previously agreed to with the Korea Trade-Investment Promotion Agency.
“The cooperation is aimed at developing high-class, locally manufactured products through the one-village-one-product approach carried out by cooperatives,” Agus said.
