{"id":2207125,"date":"2024-11-14T08:00:54","date_gmt":"2024-11-13T23:00:54","guid":{"rendered":"https:\/\/koreapro.org\/?p=2207125"},"modified":"2024-11-13T15:48:29","modified_gmt":"2024-11-13T06:48:29","slug":"south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/","title":{"rendered":"South Korea and Indonesia deepen energy partnership to bolster resource security"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and Indonesia agreed to <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169774\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">expand energy cooperation<\/span><\/a><span style=\"font-weight: 400;\"> on Wednesday. South Korea\u2019s trade ministry proposed several key initiatives, such as renewing the 2022 memorandum of understanding (MOU) on mineral resources, securing stable LNG supplies for Korean businesses operating in Indonesia and strengthening collaboration on small modular nuclear reactors (SMRs).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A morning session featured South Korean firms and Indonesian officials exploring investment opportunities in energy and infrastructure, setting the stage for expanded private-sector engagement.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea&#8217;s engagement with Indonesia reflects a broader strategy to secure reliable energy supply chains. As global energy prices rise on the back of a strengthening U.S. dollar, South Korea is proactively diversifying energy partnerships, as seen in last month\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2024\/10\/yoon-strengthens-ties-with-singapore-through-major-trade-energy-and-tech-deals\/\"><span style=\"font-weight: 400;\">LNG supply agreement with Singapore<\/span><\/a><span style=\"font-weight: 400;\">. The renewed MOU on key minerals, coupled with ongoing LNG supply discussions, could help safeguard South Korea\u2019s industrial base against volatile global energy prices and potential supply disruptions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given Indonesia\u2019s significant market size, South Korea\u2019s collaboration on SMRs aligns with both nations\u2019 goals. This partnership not only supports Indonesia\u2019s infrastructure development but also positions South Korea as a key player in Southeast Asia\u2019s energy transition. As South Korea prepares for renewed American trade protectionism with Donald Trump\u2019s return to the U.S. presidency in January, Seoul will likely continue to expand its trade relations with other regions, especially ASEAN.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea and Indonesia agreed to expand energy cooperation on Wednesday. South Korea\u2019s trade ministry proposed several key initiatives, such as renewing the 2022 memorandum of understanding (MOU) on mineral resources, securing stable LNG supplies for Korean businesses operating in Indonesia and strengthening collaboration on small modular nuclear reactors (SMRs). A morning session featured South [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2207126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2207125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea and Indonesia deepen energy partnership to bolster resource security - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea and Indonesia deepen energy partnership to bolster resource security - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and Indonesia agreed to expand energy cooperation on Wednesday. South Korea\u2019s trade ministry proposed several key initiatives, such as renewing the 2022 memorandum of understanding (MOU) on mineral resources, securing stable LNG supplies for Korean businesses operating in Indonesia and strengthening collaboration on small modular nuclear reactors (SMRs). A morning session featured South [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T23:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-13T06:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/11\/eb-6.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea and Indonesia deepen energy partnership to bolster resource security\",\"datePublished\":\"2024-11-13T23:00:54+00:00\",\"dateModified\":\"2024-11-13T06:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\"},\"wordCount\":241,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/11\/eb-6.png\",\"keywords\":[\"Business &amp; Economy\",\"Inter-Korean &amp; Foreign Relations\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\",\"url\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\",\"name\":\"South Korea and Indonesia deepen energy partnership to bolster resource security - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/11\/eb-6.png\",\"datePublished\":\"2024-11-13T23:00:54+00:00\",\"dateModified\":\"2024-11-13T06:48:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/11\/eb-6.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/11\/eb-6.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/11\/south-korea-and-indonesia-deepen-energy-partnership-to-bolster-resource-security\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea and Indonesia deepen energy partnership to bolster resource security\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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