Asia

Indonesia, S. Korea sign $1.9bn deals to boost economic ties

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Indonesia and South Korea Thursday signed business deals potentially worth 1.9 billion U.S. dollars, covering transportation and other sectors.

Indonesian President Joko Widodo (R) and South Korean President Moon Jae-in attend a joint press conference in Bogor, Indonesia on Nov. 9, 2017.
Joko Widodo, Indonesian President (R) and Moon Jae, South Korean President-at a joint press conference in Bogor, Indonesia on Nov. 9, 2017.

The pacts came, according to Xinhua, before a forum attended by visiting South Korean President Moon Jae-in earlier in the day, where he revealed at the forum, that his country wanted to boost economic ties with Indonesia.

Moon arrived Indonesia Wednesday on a three-day state visit.

Indonesian President Joko Widodo welcomed his South Korean counterpart at a palace in a botanical garden near the country’s capital, Thursday afternoon.

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Onome Amuge is a Nigerian journalist and content writer known for his analytical and engaging reporting on business, finance, agriculture, commodities, and technology. He is currently a journalist at Business a.m., a Nigerian business-focused newspaper, where he has authored over 360 articles covering a wide range of topics including economic trends, market analysis, and policy developments.
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