FKI Delegation Urges Indonesia to Improve Import Regulations to Boost Korean Investment

A delegation from the Federation of Korean Industries (FKI) has called on the Indonesian government to improve regulations that currently hinder import activities. The request was made during the Business Roundtable event held at The Langham Hotel in Jakarta on Monday (April 28, 2025).

Shin Dongbin, head of the FKI delegation and chairman of LOTTE Group, emphasized that regulatory reforms are essential to support South Korea’s investment in Indonesia, particularly in key sectors such as semiconductors, infrastructure, and finance.

“To make these investments possible, we look forward to the Indonesian government’s support through adequate infrastructure development and the elimination of import-related obstacles,” said Shin during his address at the forum.

Shin also noted that South Korea invested US$ 2.28 billion in Indonesia in 2023, marking a 54% increase compared to the previous year. He highlighted this as a clear sign that Korean businesses view Indonesia as a vital strategic partner.

At the same event, Indonesian Employers Association (APINDO) Chairwoman Shinta Kamdani stressed the need for collaboration in strategic projects, which she believes will help position Indonesia as a regional economic growth hub.

Shinta further stated that the government is committed to reforming the investment climate by streamlining regulations and boosting transparency to ensure fair and equitable opportunities for all investors.

“We reaffirm our commitment to working closely with the government and stakeholders to simplify regulations, enhance transparency, and ensure a level playing field for all investors, including our Korean partners,” Shinta concluded.