Indonesia and South Korea have set up a Green Business Center (GBC) through which they cooperate to develop green cooperatives, small- and medium-scale enterprises. Indonesia`s minister of cooperatives and small and medium businesses (UKM) Sjarifuddin Hasan said after the dedication of the GBC here on Friday that the institution was a follow-up of an agreement made by the Indonesian ministry of cooperatives and UKM with the Small and Medium Business Administration of the Republic of Korea. "The GBC is located on the sixth floor of SME Tower Main Building on Jalan Gatot Subroto Kav 94," he said. He said the GBC is an incubator for boosting cooperation in the development of green technology-based industries for cooperatives and UKM. "Right now there are already 13 tenants joining in the GBC namely 10 from South Korea and three from Indonesia," he said. Sjarifuddin hoped the GBC would in the future become the center of entrepreneurship development, transfer of technology especially green technology and boost business partnership between Indonesian and South Korean small and medium businesses. On the occasion of the Administrator of Small and Medium Business of the Republic of Korea, Kim Dong-Sun, said the GBC would become one of the institutes that would develop green small and medium industries in Indonesia. "We have the technology which is ready to be implemented while Indonesia has rich natural resources," he said. He hoped the GBC would encourage transfer of technology to Indonesia for the development of eco-friendly small and medium businesses and further develop business partnership between Indonesian and South Korean small and medium businesses. In the cooperation agreement South Korea expressed readiness to exchange experience in policy and program development to empower eco-friendly small and medium industries. News Source: ANTARA News

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