Jakarta (ANTARA) – The Indonesian Chamber of Commerce and Industry (Kadin) is optimistic that the US$10.2 billion or around Rp173 trillion economic cooperation between Indonesia and South Korea could boost the country’s foreign exchange reserves.Kadin Chairman Anindya Bakrie said here in a statement on Thursday that South Korea is a strategic partner, with economic ties that have steadily grown in recent years. The agreements were reached during the Indonesia-Korea Business Forum on Wednesday (April 1), resulting in 17 memorandums of understanding (MoUs).“And this is a potential to increase foreign direct investment, create jobs, and boost trade that can bring in foreign exchange,” Bakrie said.He also highlighted the broad scope of collaboration between the two countries, from industrial sectors to the creative economy, noting that the popularity of Korean culture in Indonesia reflects the close bilateral relationship.The 17 MoUs include strategic areas such as energy, industrial manufacturing, downstream industries, and the digital economy. Some agreements involve major companies from both countries, including projects in renewable energy, battery supply chains, and low-carbon technologies.“Under President Prabowo Subianto’s leadership, Indonesia is promoting inclusive growth, industrial transformation, and stronger global engagement,” he added.Amid global uncertainty, he expressed hope that the partnership will continue to drive sustainable long-term growth.President Prabowo’s state visit to South Korea yielded significant results for the economy, marked by the signing of MoUs worth US$10.2 billion (around Rp173 trillion).Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed the agreements were signed after attending the “Indonesia-Korea Partnership for Resilient Growth” forum in Seoul, representing the President along with Investment and Downstreaming Minister Rosan Roeslani.“In this meeting, MoUs were signed valued at US$10.2 billion, or around Rp173 trillion,” he said.