[3] Indonesia and South Korea have invested in multiple joint military development projects, including the KFX/IFX fighter jet.

[6] South Korean firm Daewoo Shipbuilding and Marine Engineering (DSME) is in final contract negotiations to supply Indonesia with three Type-209 submarines.

[3] There are large numbers of South Korean companies that have been investing and operating in Indonesia, such as Miwon (Daesang Corporation), Lotte, Yong Ma, Hankook, Samsung, LG, Kia and Hyundai.

In 2011, Hankook announced a US$353 million investment into a production plant located in Bekasi, West Java, Indonesia.

[10][11][12] In May 2023, the central banks of South Korea and Indonesia signed a memorandum of understanding to promote bilateral trade in national currencies, moving away from the US dollar as an intermediary.

They said in a joint statement that the step is expected to help South Korean and Indonesian corporations to lower transaction costs and exposure to exchange rate risks.

However, it is necessary to investigate how much Korean companies can respond to sensitive issues such as climate change and carbon neutrality that the Indonesian government is interested in.

Seeing the potential and enthusiasm of fans at that time, SM Entertainment brought back their artists 2 years later, in 2012 SMTown Concert succeeded filling Gelora Bung Karno in Jakarta with 50,000 people.

In addition, the concert, co-hosted by the Western Java government and the Korean Association in 2022, was highly praised by the governor and leading presidential candidate Ganjar Pranowo (Baskhara 2022).

The first lady of South Korea, Kim-Keon-hee visited the Korean Embassy in Jakarta, Indonesia in September 2023.