Jakarta, April 28 -- The Indonesian Employers Association (Apindo) and the Federation of Korean Industries (FKI) have agreed to establish the Korea-Indonesia Business Council to facilitate and intensify mutually beneficial economic interactions between both nations.

Apindo Chairperson Shinta Kamdani noted that this council would serve as a platform for bringing together business giants, associations, and investment champions from Indonesia and South Korea.

During the Korea-Indonesia Business Roundtable in Jakarta on Monday, she noted that Korean investments in Indonesia totaled US$15.4 billion as of 2023, a new annual record of US$2.98 billion being set the following year.

"These figures prove that not only is Indonesia a destination f...