Supply Chain Research

South Korea’s Busan Port Authority is investing in Indonesian port facilities as part of the government’s “New Southern Policy” which is designed to boost South Korea’s export prospects. While not as ambitious as China’s Belt-and-Road, the move nonetheless follows the signing of the RCEP trade deal which will reduce trade barriers between South Korea and Indonesia. Indonesia represented just 1.5% of South Korean exports in 2019 led by refined oil, semiconductors and fabrics. South Korean exporters to the Probolinggo and Surabaya ports should experience smoother logistics and include CJ C...