JAKARTA (Indonesia Today) – Korea-based Samsung Electronic plans to invest in Indonesia through building hand phone factory, Detikfinance.com reported.
Industry Minister MS Hidayat said Samsung is interested to build factory in Indonesia after being said that Indonesia imports 50 million units of cellular phone per year.
The minister was on Friday (Sept 14) visited by Korean Business Community and discussed some investment opportunity.
Hidayat said Indonesia and South Korea plans to build comprehensive economic partnership expected to be realized within 1-2 years.
He said for this year, Indonesia is optimistic to attract investment of US$12 billion from Korea.
Honam Petrochemical Corporation is ready to enter Indonesia with investment of US$6 billion.