KOFIA Visits Indonesia with CEOs of Real Estate Trust and Real Asset Management Firms

Hwang Sungyeop, Chairman of the Korea Financial Investment Association, is visiting Jakarta, Indonesia from the 25th to the 27th, accompanied by the 'NPK (New Portfolio Korea) Delegation,' which is comprised of CEOs from real estate trust companies and real asset management firms.

This visit has been organized to directly observe the ongoing changes in Indonesia's real asset market, which is garnering attention due to the development of the new capital city Nusantara (IKN) and the spread of the digital economy. It also aims to expand the overseas networks and cooperation base of the Korean real estate finance industry.

A delegation of real estate industry leaders visited an institution in Jakarta, Indonesia. Korea Financial Investment Association

Previously, Chairman Hwang met with Checep Herawan, the Indonesian Ambassador to Korea, to discuss the development of the new capital city Nusantara and ways to cooperate in financial investment. This delegation visit is expected to serve as an opportunity to deepen mutual understanding of local policies and projects and to foster discussions on real estate finance cooperation.

First, the delegation will visit the Nusantara Capital Authority (OIKN) to examine the status of infrastructure development centered on the Core Government Area (KIPP) inside the new capital, as well as the structures for private investment and PPP (public-private partnership) projects. They will also meet with the Investment Coordinating Board (BKPM) and the sovereign wealth fund Danantara Indonesia to discuss regulatory issues such as foreign investment policies, licensing procedures, and the use of trust systems, along with exploring opportunities for joint investment and collaboration in real assets based on state-owned enterprises’ assets.

In the private sector, the delegation will hold a series of meetings and on-site inspections with Indonesia's leading large-scale real estate developers. With Sinar Mas Land, Indonesia's top developer, they will share portfolios and development cases related to urban development, industrial complexes, and digital infrastructure, and visit related sites.

They will also visit the main new city development zones in the Pantai Indah Kapuk (PIK) area, led by Agung Sedayu Group, to examine the integrated development models that combine residential, commercial, and leisure functions, as well as to review local demand trends.

Chairman Hwang stated, "With the development of the new capital and the expansion of the digital economy, the demand landscape for local real assets in Indonesia is undergoing dynamic change. Through this visit, we will support Korea's real estate investment industry in deeply understanding the local market and in broadening the overseas networks and cooperation base of the Korean capital market."

This content was produced with the assistance of AI translation services.