South Korean investors lambast business obstacles in field
South Korean investors have begun complaining of irregularities they face in running their operations in Indonesia, amid the government’s efforts to improve the business climate. Despite applauding Indonesia’s attempts to ease the business atmosphere by issuing economic policy packages, the Korean Chamber of Commerce and Industry in Indonesia’s (Kocham) president Lee Kang Hyun said many obstacles had caused them trouble in the field. He cited that immigration officials, for example, often carried out extortion and excessive raids against foreigners, including Korean investors, even at midnight. “We are here to help the Indonesian economy grow, but we feel like we are treated like criminals,” he said at a South Korean investors’ forum held by the Investment Coordinating Board. Lee said there should be a dedicated hotline to report any wrongdoings committed by officials to provide investors with the assurance of convenience. The BKPM previously established a dedicated desk to serve Korean investors.
