JAKARTA (TheInsiderStories) - Chemical company from South Korea plan to expand their plant in Indonesia and prepared investment worth US$127 million. The goodwill arises when the Head of the Investment Coordinating Board Thomas Lembong attended the forum meetings South Korea’s Pohang Iron and Steel Company (POSCO) with its customers in Songdo, Incheon, South Korea.
As presented by the investor, the products that will result from the investment plan still has a high import value, which is as much as 90 percent.
Data from realization of investment from January to September 2016 is owned by BKPM, South Korea ranked number eight with an investment of $743 million, consists of 1,944 projects. Realizable value of the investments of South Korea accounted for 3.5 percent of the total realization of the investment coming in the period from January to September 2016.
In this period, the realization of investment increased by 13.4 percent compared to the same period in 2015 with an investment of Rp453, 4 trillion consisting of 21 843 projects. Actual investment in this period also provide employment for 960,041 people.