In this article, we will briefly try to explain to you about the Korindo Group profile that many still do not know. Korindo itself is a company engaged in various lines of industry. The company itself has been running for approximately 50 years. Then, what is Korindo’s contribution to the economic development in Indonesia? This time, we will try to discuss Korindo’s major contribution to the Indonesian economy.
Korindo Group Profile’s Major Contributions to the Indonesian Economy
Here are some major contributions done by Korindo Group for Indonesian Economy.
1. Creating Job Opportunities
One of the economic problems faced by developing countries or third countries like Indonesia is the difficulty in finding a job, due to the lack of available jobs. Meanwhile, the number of unemployment in Indonesia is high. One of the best contributions of Korindo today is that they managed to open up job opportunities, thus helping Indonesia in reducing the number of unemployment.
2. Helping to Build the Economy in Underdeveloped Regions
One of Korindo Group’s vision and mission is to develop underdeveloped areas by establishing and expanding their businesses to remote areas. Korindo also helps in improving the access of the region and helps in improving the economy of the local community. Korindo currently employs at least 10,000 people in Asiki, which is still included in the Papua region.
3. Increasing Local Tax Revenue
Korindo has contributed greatly to increasing the amount of regional tax revenue, especially in Merauke Regency and Boven Digoel Regency. The increase experienced by the two regencies reached 30% and 50%.
4. Providing Health Facilities in Remote Areas
In addition, Korindo also provides health facilities in remote areas. One of them is in Asiki, which is the first health facility built by Korindo. Here, Korindo even provides examination and treatment that can be done for free.
5. Korindo Helps Build Independent Neighborhoods
Korindo itself has an activity known as CSR. This activity seeks to help the community in obtaining an independent environment, by assisting in the form of businesses that can be carried out in rubber plantations, as well as training in the poultry farming sector.
6. Playing an Important Role in Helping Improve the Quality of the Domestic Economy
Korindo is a large company and has various business lines. Korindo itself operates as a company that promotes the sustainability of nature. In the process, Korindo has a huge contribution to the Indonesian economy.
Because Korindo is a company that absorbs local labor, provides economic improvement in various underdeveloped areas in Indonesia, and Korindo is also responsible for infrastructure development in remote areas, such as road repairs, establishing health facilities, and many more.
This role ultimately makes Korindo a major contribution to the Indonesian economy, as it has significantly reduced unemployment and improved the economic level of the region.
7. Helping MSMEs
One of the ways Korindo wants to change the economy of Indonesia is that Korindo is a company that cares about MSMEs. Korindo provides a lot of assistance to MSME players and until now, still routinely provides training to residents to become more independent.
Business Lines Owned by Korindo Group
As the largest company in Southeast Asia, Korindo has various business lines that have a major influence on the Indonesian economy. The following are some of the business lines owned by the Korindo Group profile.
1. Plywood Industry
Korindo has a business that produces veneer. This line of business is one of the oldest lines in Korindo. This veneer production will later be distributed to other industries, making Korindo the largest supplier of veneer business for the Asian region.
2. Engaged in the Palm Oil Business
Korindo also has a business line engaged in palm oil. The cultivation of oil palm for industrial purposes is Korindo’s business line and is also the largest supplier of oil palm in Asia.
3. Paper
Korindo is the largest paper supplier in Southeast Asia. Until now, Korindo is still the best supplier of quality paper and has a name in the world’s major industries. The paper itself is a business line from Korindo that has been around for a long time and still produces paper, both for newsprint, books, and many more.
4. Rubber Plantation
In addition to playing in the palm oil line, Korindo also plays in rubber plantations. The rubber produced by Korindo will later be remarketed to be processed into a variety of needs and goods. Starting from tires to textiles.
Brief History of Korindo Group
Korindo Group itself is a company founded by a Korean conglomerate, named Eun- Ho Seung, in 1969. Korindo itself is a company engaged in the largest logging and plywood business today. Not only that, Korindo Group is also the first company to engage in humanitarian and reforestation.
So, that makes Korindo not just a company, with the foundation established by Korindo itself, Korindo has succeeded in helping and contributing to advancing the Indonesian economy. That is a little information on the Korindo Group profile that we can share with you this time.