![]() ![]() In 2003 Faculty of Cultural Sciences, UGM established the 3-year program on Korean language. In this respect, it is also worth pointing out that two leading universities in Indonesia (Gadjah Mada University-UGM and University of Indonesia-UI) have placed themselves as the center of excellence for Korean studies in Indonesia-which indirectly support and maintain both countries’ relation. ![]() The presence of hundreds of Korean companies operating in Indonesia, the steady economic relation, and the increasing number of people visiting respective country especially the cultural exchanges between the two countries have partly shaped the bilateral ties between Indonesia and Korea. It is reported that such business partnership agreements could make Indonesia as South Korea’s main overseas investment hub in the world. In 2011 once again the governments of Indonesia and South Korea signed nine Memorandum of understandings (MoUs) in economic cooperation and investment. Both countries’ head of states have also stated their interest to continue develop the present relation. In 2009 Indonesia and Korea updated their five-decade long relationship by initiating a strategic partnership in various fields of cooperation. ![]()
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