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Korean, Indonesian leaders hold summit, discuss bilateral cooperation

Korean, Indonesian leaders hold summit, discuss bilateral cooperation

Posted November. 28, 2000 20:37,   


President Kim Dae-Jung, now on a state visit to Indonesia, held a one-on-one summit with his Indonesian counterpart, Abdul Rahman Wahid, and an extended meeting of their government officials Tuesday. The two sides shared their views on bilateral cooperation in the automobile industry, information technology and other fields.

During their talks, Indonesian President Wahid promised to continue the stable supply of Indonesian liquefied natural gas (LNG) and other energy sources to Korea.

The leaders of the two nations also agreed to complete the construction of the Kia-Timor Motor Co. in the shortest possible time and embark on the full-fledged production of vehicles. The construction of the joint auto firm was resumed Jun. 1 with a plan to put out 2,000 cars annually but the project has been delayed due to financial difficulties.

The leaders concurred on the conclusion of a bilateral resource cooperation for the joint development of Indonesian resources and on joint investments in the food processing industry.

During the talks, President Kim asked Wahid to give positive consideration to the adoption of Korea's CDMA (code division multiple access) mode in the country's telecommunication expansion program, and promised to assist Indonesia in the e-commerce and information technology industry.