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Ministry of Industry and Korea collaborate to boost start-up growth

28 November 2019 08:52

JAKARTA - The Ministry of Industry is encouraging the cooperation between Indonesia and South Korea in the economic sector, especially in an effort to grow startup companies. This synergy step is expected to be able to boost the economic growth of the two countries amid the uncertainty of the current global conditions.

"We want to jointly initiate cooperation between Indonesian-Korean startups and unicorns," said Industry Minister Agus Gumiwang Kartasasmita on Thursday (11/28).

According to the Minister of Industry, the collaboration that will be carried out bilaterally not only identifies a number of challenges and opportunities, but also to build a shared innovation ecosystem that can support growth, sustainability, and even efforts to increase profits for startups and unicorns in both countries and ASEAN.

Agus considered, now is the right time for startups in ASEAN and Korea to jointly dominate and lead the global startup landscape. "We want to give birth to startups and unicorns that are bigger, more resilient, and market-oriented," he said. (LM)

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