Indonesia-South Korea Explores Nuclear Cooperation to Electric Cars

Coordinating Minister for the Economy Airlangga Hartarto working visit to South Korea. In the series of visits, Airlangga met the Minister of Trade Minister, Industry and Energy (MOTIE) of South Korea, Ahn Duk Geun in Seoul, Wednesday (5/22/2024). Airlangga said that the relations between Indonesia and South Korea which had been closely established so far could be increased, especially in the industrial, trade and energy sectors.

“We believe our cooperation in the future will increase and develop. I hope that Minister AHN can help to further strengthen and deepen industrial cooperation, trade, and also in the field of energy transition between Indonesia and Korea,” Airlangga said in a written statement.

For information, in July 2023 the Joint Committee on Economic Cooperation (JCEC) was held in Seoul. In the meeting several important results were achieved, including the cooperation in the development of nickel derivatives for electric vehicle (EV) batteries, the market access to Indonesian fruit products to South Korea.

Then, the expansion of the Lotte petrochemical factory, the construction of the Krakatau Steel – Posco steel cluster, the expansion of the Indonesian UMKM market access (small, micro and medium businesses) through South Korean e-platform Carbon Capture and Storage (CCS) technology, hydrogen/ammonia energy production, and hydropower development.

Furthermore, South Korea also conveyed the opportunity for cooperation related to the development of nuclear power plants (PLTN) through the Korea atomic Energy Research Institute (KAERI) which has developed Small Modular Technology

Reactor (SMR) which is designed is safe and produces lower carbon traces than conventional reactors. Small-scale modular nuclear reactors are an alternative solution to supply electrical energy, especially in remote or isolated areas.

“At the 3rd JCEC meeting this year is Indonesia’s turn to host, so on this occasion we invite Minister AHN to hold a JCEC meeting in July in Jakarta,” said Coordinating Minister Airlangga.

The two ministers also discussed the cooperation between the construction of the Electronic Vehicle ecosystem (EV/Electric Vehicles) through Hyundai and LG Energy Solution investments in Indonesia.

“I hope that the EV ecosystem can be deeper and of course later with Korea asking for help to talk to America so that the IRA law can open markets for products from cooperation between LG and Hyundai to enter the American market,” said Coordinating Minister Airlangga.

May 22, 2024, detikFinance