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South Korea’s Yoon meets Indonesian leader to deepen economic, defense ties

  • South Korean President Yoon Suk Yeol met with Indonesian President Joko Widodo to discuss deepening economic ties and defense cooperation. They agreed to expand cooperation in future-looking industries such as electric vehicles, batteries, and smart cities. South Korean company LG and its partners committed to a $9.8 billion investment package for the construction of a cathode factory in Indonesia.
  • Indonesia has imported $4.3 billion in South Korean arms, making it the largest export destination among ASEAN countries. The two leaders signed agreements on agriculture, infrastructure, electrical vehicle ecosystems, and discussed possible Korean investment in Indonesia's new capital city on Borneo island.
  • Yoon expressed concerns about North Korea's nuclear and missile provocations during talks with Southeast Asian leaders, China, and Japan in Jakarta. Indonesia and South Korea are members of the Group of 20 and were scheduled to attend the G20 Summit in New Delhi.
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The Korea Herald broke the news in Seoul, Korea, Republic of on Friday, September 8, 2023.
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