On August 1, Mnister Kaban of the Indonesian Ministry of Forestry and Chief Suh Seung-jin of Korea Forest Service signed the MOU concerning Cooperation on Forestry Investment and A/R CDM Projects at the Government Complex-Daejeon.
The MOU provides mutual benefits by promoting forest investment on the 500 thousand hectares of suitable land provided by the Indonesian side.
As the potential land for plantation will be provided, the issue of instability will no longer be a hindrance for the Korean industries which are reviewing investment in Indonesia. It will also contribute to forest technology development and capacity building in Indonesia.