More South Korean firms to invest in Indonesia

Following a 6-billion-dollar joint venture between state-owned steel producer PT Krakatau Steel and Posco to build a steel plant in Cilegon, Bantena, Indonesia government expects a 15-percent-increase in direct investment from South Korea next year and believes other companies will consider doing the same.

The most of South Korean companies' investments went to the metal and machinery sectors, the electronics industry, construction and the textile industry.