Korean companies contribute to the socio-economic benefits of Indonesia
- 6 years ago
A pivotal trading hub,.. located right in between the mainland of Southeast Asia and Australia,... Indonesia is the region's biggest economy.
And there are also Koreans doing business in the country,... not just to make money, but also to give back.
Our Cha Sang-mi reports from Jakarta.
Indonesia boasts the largest economy in Southeast Asia and is one of the world's major emerging markets.
And it seems that several Korean firms are contributing to Indonesia's economic growth and employing its people.
"Sure Koreans are spread out across the world, but Indonesia is one country they find themselves at home. Some 50-thousand Koreans live and work in Indonesia and over 300-thousand Korean tourists visit every year."
A shoe manufacturer on the island of Java currently employs some 40-thousand locals. And the head of the company, a Korean, sees his company's business there as a win-win situation.
"Indonesia has the biggest population in Southeast Asia... at some 260 million. But since they lack the industrial technology to hire so many people, there's also a lack of jobs."
Shin said that Indonesia's young and abundant workforce and relatively low wages are reasons why investors see merits in the market.
"I already work in here for 12 years and I feel confident and happy to work together with Korea, especially South Korea."
And with Korean pop culture and cuisine making huge inroads in Indonesia, a firm that sells and distributes Korean food products has found a way to offer the country not only highly sought-after goods, but some socially meaningful services.
"We have been sponsoring Indonesian children suffering from cardiac diseases for the past 25 years. We are also helping people with leprosy and those displaced by flooding. Corporate social responsibility is our family business."
The owner expressed gratitude to Indonesia for enabling him to expand his business and work with locals who share the same mindset, but most importantly, he seemed to be thrilled to see the locals enjoying Korean food.
"Because I really love Korean food, every time I run out of kimchi, I come to this market to get it."
These two companies are just a small part of the Korean business presence on the Indonesian archipelago.
More than 2-thousand-500 private businesses in a range of sectors from the garment industry to education... coexist with the locals irrespective of language, nationality or religion.
Cha Sang-mi, Arirang News, Jakarta.
And there are also Koreans doing business in the country,... not just to make money, but also to give back.
Our Cha Sang-mi reports from Jakarta.
Indonesia boasts the largest economy in Southeast Asia and is one of the world's major emerging markets.
And it seems that several Korean firms are contributing to Indonesia's economic growth and employing its people.
"Sure Koreans are spread out across the world, but Indonesia is one country they find themselves at home. Some 50-thousand Koreans live and work in Indonesia and over 300-thousand Korean tourists visit every year."
A shoe manufacturer on the island of Java currently employs some 40-thousand locals. And the head of the company, a Korean, sees his company's business there as a win-win situation.
"Indonesia has the biggest population in Southeast Asia... at some 260 million. But since they lack the industrial technology to hire so many people, there's also a lack of jobs."
Shin said that Indonesia's young and abundant workforce and relatively low wages are reasons why investors see merits in the market.
"I already work in here for 12 years and I feel confident and happy to work together with Korea, especially South Korea."
And with Korean pop culture and cuisine making huge inroads in Indonesia, a firm that sells and distributes Korean food products has found a way to offer the country not only highly sought-after goods, but some socially meaningful services.
"We have been sponsoring Indonesian children suffering from cardiac diseases for the past 25 years. We are also helping people with leprosy and those displaced by flooding. Corporate social responsibility is our family business."
The owner expressed gratitude to Indonesia for enabling him to expand his business and work with locals who share the same mindset, but most importantly, he seemed to be thrilled to see the locals enjoying Korean food.
"Because I really love Korean food, every time I run out of kimchi, I come to this market to get it."
These two companies are just a small part of the Korean business presence on the Indonesian archipelago.
More than 2-thousand-500 private businesses in a range of sectors from the garment industry to education... coexist with the locals irrespective of language, nationality or religion.
Cha Sang-mi, Arirang News, Jakarta.