South Korea and Indonesia are enhancing their cooperation in the marine plant industry, focusing on resource recycling and workforce training.
The Ministry of Oceans and Fisheries announced on July 13 that it will sign an 'Implementation Agreement for South Korea-Indonesia Marine Plant Service Industry Cooperation' with the Indonesian government on July 14.
The two countries previously signed a 'Memorandum of Understanding (MOU) on South Korea-Indonesia Marine Plant Service Industry Cooperation' during a summit on April 1. The upcoming implementation agreement aims to expand the existing MOU into specific business units.
Under the agreement, South Korea will retrofit decommissioned Indonesian marine plants into liquefied natural gas (LNG) supply facilities for demonstration purposes. The development and demonstration of carbon-reducing marine plant conversion technology will receive 35 billion won in national funding by 2028. Additionally, South Korea will lead the entire project, from process design to offshore construction.
The Indonesian government plans to provide local marine plant-related information and facilitate the issuance of various permits to support the initiative.
Furthermore, both countries will accelerate educational cooperation based on official development assistance (ODA) projects. A total of 4.36 billion won will be allocated by 2029 to strengthen Indonesia's capacity in the eco-friendly marine plant service industry. This initiative aims to train local professionals while addressing workforce shortages for South Korean companies.
Plans include establishing educational infrastructure at Jakarta Maritime University under Indonesia's Ministry of Transportation to run local training programs. Additionally, medium- to long-term domestic training and corporate internship programs will be implemented to cultivate relevant experts. South Korea will be responsible for budget support and the development and operation of training programs, while Indonesia will handle local trainee recommendations, coordination with relevant agencies, and material support.
Seo Jeong-ho, head of the Marine Policy Bureau at the Ministry of Oceans and Fisheries, stated, 'By signing this implementation agreement, we will clarify the roles and project promotion systems of both countries and create visible cooperation outcomes.' He added, 'Based on this successful cooperation model with Indonesia, we plan to expand our collaboration with major Southeast Asian countries such as Vietnam and Malaysia.'
* This article has been translated by AI.
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