CFLD Attracts Korean Investment

by Organizing Indonesia Property Outlook 2020

JAKARTA - On 19 February 2020, CFLD Indonesia supported by the Indonesian Ministry of Industry, organized Indonesia Property Outlook 2020.The event was opened with the remark from Jeon Jo-Young, Minister-Embassy of the Republic of Korea in Indonesia. Jeon said, he will help to encourage the investment from South Korea to Indonesia. Currently, South Korea ranked 7th in the realization of foreign investment in Indonesia in 2019 with a total investment of US$1.070 million.

This investment is spreadout among the five largest industrial sub-sectors, namely the chemical industry and chemical goods by 19%; leather industry, leather goods and foot wearby 12%; the rubber industry, rubber and plastic goods by 9%; the furniture industry by 8%; and also the pharmaceutical industry, chemical drug products, and traditional medicines by 5%. CFLD presented its two main projects in Indonesia: Tangerang New IndustryCity (TNIC) and Karawang New Industry City (KNIC) in front of 150 attendees.