Indonesia, S. Korea sign $1.9bn deals to boost economic ties

Last updated: November 9, 2017 2:49 pm

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Indonesia and South Korea Thursday signed business deals potentially worth 1.9 billion U.S. dollars, covering transportation and other sectors.

Indonesian President Joko Widodo (R) and South Korean President Moon Jae-in attend a joint press conference in Bogor, Indonesia on Nov. 9, 2017. — Joko Widodo, Indonesian President (R) and Moon Jae, South Korean President-at a joint press conference in Bogor, Indonesia on Nov. 9, 2017.

The pacts came, according to Xinhua, before a forum attended by visiting South Korean President Moon Jae-in earlier in the day, where he revealed at the forum, that his country wanted to boost economic ties with Indonesia.

Moon arrived Indonesia Wednesday on a three-day state visit.

Indonesian President Joko Widodo welcomed his South Korean counterpart at a palace in a botanical garden near the country’s capital, Thursday afternoon.

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