South Korea Expanding in Halal Industry

Investors in South Korea are now shifting their focus towards non-traditional sectors in Indonesia, with a particular interest in expanding investments in the halal industry.

Feni Freycinetia Fitri

2 Jun 2023 - 15.28
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South Korea Expanding in Halal Industry

Indonesian Halal logo

Bisnis, SEOUL — Investors in South Korea are now shifting their focus towards non-traditional sectors in Indonesia, with a particular interest in expanding investments in the halal industry.

South Korean investors have made significant investments in various industries in Indonesia, including finance, manufacturing, and chemicals, establishing a strong trading partnership between the two countries. Since the 1980s, South Korea's total investment in Indonesia has exceeded $ 16.6 billion.

According to Joo Ho Park, Manager of the Asia & Africa Research Team at the Korea Trade-Investment Promotion Agency (Kotra), bilateral trade between Indonesia and South Korea has witnessed remarkable growth, increasing 140-fold since the establishment of diplomatic relations in 1973.

Park highlighted that South Korean investors are now exploring opportunities to produce products with halal certification specifically for the Indonesian market.

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