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S Korea to be asked to invest in ship components: Minister

Jakarta (ANTARA News) – Minister of Industry Saleh Husin welcomed the willingness of South Korea to develop the shipyard industry in Indonesia, and asked for another investment in ship components.

“We welcomed their expansion investment. In particular, I have asked the Korean businessmen to invest more in the ship components industry in order to support the President Joko Widodos program of sea toll,” Husin said in a written statement received by ANTARA Thursday.

Following a high demand of ships and shipyards, he believed it would bring an increase demand of ship component industry.

Husin just received a visit by the Honorary Ambassador of Jeju Island, South Korea, Rokhmin Dahuri MS, and some Korean businessmen.

Some of the businessmen who also attended the meeting were the Chairman of Busan Indonesia Center and the President of Daegu University of Foreign Students Kim Soo-Il, the President of Korwell Corporation, and Dongil Shipyard, Sung Tae Kim.

In addition to them, the Director of Helukabel, Pia Jeong, and the Advisor of Jinwoo Co Ltd, We Jin Dong also attended.

Indonesian shipyard industry was considered to have the ability to produce and cooperate with foreign industry. South Korea was also asked to be the partner of the domestic shipyard industry.

The Ministry of Industry tried to boost the ship industries by establishing incentives of Government Borne Import Duty (BMDTP) to import ship components and uncollected income tax value (PPN) for shipping companies who bought ships from national shipyard companies.

“We are ready to facilitate the Korean investors to meet and build further cooperation with the national shipyard companies whether it is state-owned companies or private ones,” Husin said.

Source: www.antaranews.com, Friday 29 January 2016.