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PR/17-03 Korean investors eye smart city related projects in Indonesia2017-01-16
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Korean investors eye smart city related projects in Indonesia
- Investment and Market Research Mission to Indonesia (Jan. 16-18, Bandung and Jakarta, Indonesia) -
Jakarta, Indonesia - The ASEAN-Korea Centre (Secretary General Kim Young-sun) together with the Indonesia Investment Promotion Center (BKPM) will dispatch an investment mission delegation composed of Korean smart city practitioners to Indonesia during 16-18 January 2017. The Mission Program aims to expose Korean investors to substantial information on investment opportunities of Indonesia’s smart city related projects as well as to offer a platform for public and private players engaged in the area of smart city development to share expertise and know-how.
Kim Young-sun, Secretary General of the ASEAN-Korea Centre noted, “Fastest growing cities in Indonesia are feeling the strains of rapid population growth, which had led to traffic congestion, pollution, and other urban issues. In particular, there is a growing need of the fastest growing ‘middleweight’ cities of the nation for urban development in a more effective and sustainable way. I hope this Mission Program will offer a platform for Korean private sectors not only to take part in the smart city related projects in Indonesia, but also to contribute towards sustainable development of Indonesia by sharing good practices and experience on smart city development.”
A Seminar for Investment Promotion on Smart City will be held at the BKPM on 17 January, where representatives from public and private sectors will provide briefings on Indonesia’s smart city policies and investment incentives as well as smart-city related projects. Also, an official from the Korea Agency for Infrastructure Technology Advancement will share Korea’s smart city development experience and success story. In the following session, representatives from the provincial governments of East Java, Surabaya, and Malang will present smart city related projects and business opportunities of the respective cities. Also, Korean delegates will be offered an opportunity to establish business network and obtain substantial information through one-on-one business meetings with government officials and private partners from the infrastructure and ICT sectors. Kim Young-sun, Secretary General of the ASEAN-Korea Centre, Farah Ratnadewi Indriani, Deputy Chairperson for Investment Climate Development from the BKPM, and Cho Tai-young, Ambassador of ROK to Indonesia will deliver remarks at the Seminar.
Prior to the Seminar, the Korean delegation will visit Bandung City to receive briefings on smart city projects of the City and relevant business opportunities on 16 January. Bandung City is the third largest city of the country with a population of 2.5 million. The City government has put special emphasis on smart city development, and government delegation of the City visited the Sejong City of Korea for a benchmark of U-CITY, or Ubiquitous City in 2015. Korean delegation will visit an industrial estate in order to obtain a first-hand information on smart city development of the City.
ASEAN, as home of the fastest growing cities in the world, its population is expected to increase by at least 16% by 2025. As the population trend demonstrates the need for smart city development to address urban issues and accelerate growth in a sustainable way, the ASEAN-Korea Centre carries out programs aiming to share expertise and experience of Korea, thus to contribute towards sustainable development of the region.
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