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South Korea, Indonesia to step up cooperation on Jokowi's new capital project

South Korea, Indonesia to step up cooperation on Jokowi's new capital project

Reuters · 07/28/2022 05:54
South Korea, Indonesia to step up cooperation on Jokowi's capital project

By Hyonhee Shin

- South Korea and Indonesia revised their agreement on Thursday to ramp up cooperation on the Southeast Asian country's capital project, paving the way for Korean companies to participate in building digital infrastructure, both sides said.

The revision was made during a summit between South Korean President Yoon Suk-yeol and Indonesian President Joko Widodo in Seoul.

The two countries signed an agreement in 2019 to work together on the ambitious $32 billion project under which Indonesia will relocate its capital from heavily congested Jakarta to the city of Nusantara on Borneo island. No time frame has been announced yet for its completion.

Yoon said South Korea can share its experience from building the administrative city of Sejong, which was officially launched in 2012.

The revised agreement "laid the groundwork for our companies to actively contribute to building the Indonesian capital's infrastructure, electronic government and smart city systems," Yoon told a joint conference.

Widodo, better known as Jokowi, said early construction of the capital was under way during a visit there last month.



(Reporting by Hyonhee Shin; Edited by Simon Cameron-Moore)

((hyonhee.shin@thomsonreuters.com; 822 6936 1474;))