VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Indonesian Embassy (KBRI) Seoul and Financial Supervisory Services (FSS) of South Korea held a Business Forum on Monday (20/2) to commemorate 50 years of diplomatic relations of both countries. The forum was themed "Developing Closer Friendship and Stronger Partnership through Enhanced Financial Cooperation." The event was supported by the Financial Services Authority (OJK) and Bank Negara Indonesia (BNI) Seoul Branch. The forum was held at the Dragon City Convention Seoul and it was attended by around 100 guests. They consisted of leaders and representatives from South Korean financial institutions, including banks, companies, asset management, insurance and securities companies which mostly operate in Indonesia.

Indonesian Ambassador to South Korea, Gandi Sulistiyanto in his remarks stated that  apart from maintaining economic growth and political stability, the Indonesian Government  will continue to build an inclusive and strong financial services sector. He also explained that Indonesia's promising economic growth recorded growth of 5.31 percent last year. Indonesia's current economic strength is the main foundation for South Korean financial companies to believe in Indonesia as their main business expansion destination.

Meanwhile, Senior Deputy Governor, Lee Joon Soo affirmed that currently, Indonesia is the fourth largest market for South Korean financial companies. According to Lee, the business forum can help Korean companies to better understand the policies and supervision carried out by OJK so that they can position themselves appropriately to contribute to the development of the financial industry and consumer protection in Indonesia. Lee also invites more Indonesian financial companies to establish business in Korea, and FSS will support them proactively.

Moreover, this Business Forum on Financial Cooperation is the beginning of a series of activities in commemoration of 50 years of diplomatic relations between Indonesia and South Korea, particularly in the economic field, organized by the Indonesian Embassy in Seoul. Other activities in the context of this commemoration throughout this year included investment and trade forums, talk shows, sports activities, book launches and gala dinners.