Jakarta, April 2 -- 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 o...