South Korean Shoe Manufacturers Took A Fancy To Indonesia'S Active Efforts To Build Shoe Factories.

Frankie, director of the Indonesian investment co ordinating agency, said recently that South Korean shoemaking enterprises would invest 150 million US dollars to build factories in Central Java province. This project can provide multiple employment opportunities, and has obtained investment licenses, and will build factories and install equipment as soon as possible.

Frankie pointed out that Indonesia's labor costs are competitive.

China, Japan and other countries have come to Indonesia to invest and build factories, most of which are for export.

Han Chi preferred claw Province as its investment destination, mainly because of its better infrastructure and competitive workforce.

stay

Job creation is critical in a recession.

The agency will continue to take positive steps to attract investment in labor-intensive industries.

Iman, director of the Seoul Office of the Investment Co ordinating agency, said that it has met with the investment owners of Korean enterprises several times, and suggested that the factory use the insole and other auxiliary accessories produced in Indonesia.

It is reported that in the first quarter of 2016, South Korea invested 188 million US dollars in Indonesia, ranking sixth in the list of foreign investment.

In 2015, South Korea invested 1 billion 200 million US dollars in Indonesia, an increase of 7.6% over the same period last year.

Between 2010 and 2015, South Korea invested $8 billion in Indonesia.

Related links:

The Indonesian investment promotion conference, jointly organized by the Consulate General of Indonesia and the Guangdong provincial council for promoting trade in Guangzhou, was held in Guangzhou. At the meeting, the Indonesian investment co ordination minister invited Guangdong entrepreneurs to invest in Indonesia.

According to the director general of Indonesia's investment co ordination department, Indonesia now has five major projects to invite Chinese entrepreneurs to invest.

The first is the manufacturing industry, including the chemical industry, electronic and electrical appliances, export oriented footwear and textile. The two is the infrastructure industry, including power stations, airports and ports; the three is agriculture, animal husbandry and planting; four is the marine industry, including the fishing and shipbuilding industries; the five is the tourism industry, including the Chinese tourist special economic zones and industrial zones.

It is understood that the total volume of trade between China and Indonesia reached 44 billion US dollars in 2015, and China has become Indonesia's third largest export destination and largest source of imports.

Last year, trade between Guangdong and Indonesia amounted to US $11 billion, accounting for 1/4 of the total trade volume between China and Indonesia.

In the global trade downturn, the trade volume between Guangdong and Indonesia reached -5 in January of this year, and the economic and trade prospects of the 4 billion 300 million places were broad.

Gu Shaoming, chairman of Shenzhen Bao Ying group, shared the experience of investing in Indonesia with Guangdong entrepreneurs.

He pointed out that he should jointly invest with overseas Chinese or local enterprises in China to establish overseas subsidiaries or share local businesses, and choose China's "go global" private sector enterprises to invest in mergers and acquisitions.

Indonesia's Consul General in Guangzhou said that in order to help speed up economic development, the Indonesian government has issued a series of deregulation measures to promote investment and exports.

She said that this is the best time for Chinese entrepreneurs to invest in Indonesia.