South Korea’s industry ministry said Wednesday it has shared ideas with Indonesia on expanding bilateral cooperation in the development of a stable supply chain for key minerals.
Industry Minister Ahn Duk-geun met with Airlangga Hartarto, the coordinating minister for economic affairs of Indonesia, in Seoul to discuss ways to broaden the economic partnership, according to the Ministry of Trade, Industry and Energy.
During the meeting, South Korea and Indonesia agreed to expand ties, including building a stable supply chain for key minerals as well as other global agenda items, including efforts to cut greenhouse gas emissions.
The ministry noted that such cooperation with Jakarta is significant, considering Indonesia has been posting annual economic growth of around 5 percent, backed by its rich mineral reserves.
Ahn also asked Airlangga to continue paying close attention to South Korean firms operating in the Southeast Asian country, as they have been contributing to the Southeast Asian nation’s economy.
In detail, Ahn asked the Indonesian government to consider expanding incentives for electric vehicles produced locally by South Korean companies.