5/22/2016

POSCO AND LOTTE TO INVEST IN INDONESIA AFTER JOKOWI'S VISITATION

POSCO AND LOTTE TO INVEST IN INDONESIA AFTER JOKOWI'S VISITATION

Jokowi's visitation to south korea has a significant result of tying the country to series of business agreement. Lately, the main agenda of the incumbent president of ov
ersea's visitation is to bring more investor in the country as to boost his program exposed in nawacita program. 


Lately after his work visitation to south korea, 2 blue chip companies posco and lotto decide to invest in indonesia. Lotte who is popular with retail and supermarket business is also to expand the wings in petrochemicals. According to economy coordinator minister, darmin nasution, in president's visitation, the two companies agreed to expand in indonesia looking to the more secure investment circumstance guaranteed by jokowi. 

Meanwhile posco will be in commitment to develop steel business. In supporting government program of 35000mega watt electricity, posco will be collaborating with stated own company krakatau steel to produce steel while government in need of it to sustain electricity project.

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