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Search Trade Minister Agus Suparmanto, second left, and his South Korean counterpart, Trade, Industry, and Energy Minister Sung Yun-mo, second right, signed the Indonesia-South Korea Comprehensive Economic Partnership Agreement (IK-CEPA) in a high-level meeting in Seoul on Friday. (Photo courtesy of Trade Ministry) IK-CEPA Paves the Way for Indonesia-South Korea s $9.1b Battery Project BY :ESTER NUKY, SANYA DINDA DECEMBER 19, 2020
Jakarta. Indonesia s and South Korea s $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensive investment and trade deal, laying the groundwork for the Southeast Asian country s ambition to tap into the latter s technological prowess to establish an integrated battery industry.