REPUBLIKA.CO.ID, JAKARTA -- The Capital Investment Coordinating Board (BKPM) has identified South Korean interest in making a new investment in Indonesia worth US$600 million, its Head Franky Sibarani said.

Franky said in a press release on Friday that the South Korean interest was identified through an investment and business seminar on Indonesia, organized by the Indonesian Investment Promotion Center (IIPC) and the Asean Korean Center on Tuesday.

The BKPM said the investment interest had come from various business sectors, such as a ferronickel smelter, valued at US$300 million, biomass worth US$100 million, palm oil refineries and its derivatives, and the animal food industry and fruit processing, with a combined value of US$200 million.

"The BKPM will continue to follow up the interest from South Korea to make an investment in Indonesia so that South Korean investors will soon realize their investment plans though their principle permit proposals," Franky said.

According to BKPM, the submission of proposals for principle business permits by South Korean investors during the first semester of 2015 have increased 39 percent to US$1.48 billion from US$1.06 billion during the same period last year.

The South Korean investment realization in the first semester of this year also showed an increase of 20 percent from US$650 million in the same period last year to US$790 million this year.

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