JAKARTA, Indonesia -- The partnership between South Korea and Indonesia has grown stronger over the decades through collaborative endeavors, common interests and trust, according to speakers at the Korea-Indonesia Economic Cooperation Forum.

Korea, a global powerhouse in science and technology, and Indonesia, one of the fastest-growing economies with large mineral reserves, mark half a century of diplomatic relations this year.

Key figures at the forum said the two nations' distinctive competitive edges would open up vast business opportunities in eco-friendly and digital economy sectors.

Korean President Yoon Suk Yeol touted the significant improvement the two countries have made as partners in trading and business projects and expressed expectations of steadfast relations in the coming decades.

“Now, the two countries must prepare a strategy for future common prosperity based on the mutual trust built over the past 50 years,” he said in a speech delivered by the South Korean Ambassador to Indonesia Lee Sang-deok at the event jointly hosted by Herald Corp., the publisher of The Korea Herald and Herald Business, and the Indonesian Chamber of Commerce and Industry, the Korean Embassy in Indonesia, the Indonesian Embassy in Korea, and the Indonesian Employers’ Association APINDO.

Under the theme "K-Wave and I-Wave, Together for the Future," more than 1,000 participants, including some 300 Indonesian government and company officials and 150 Korean business leaders, gathered at the event held at Hotel Mulia Senayan in Jakarta on Thursday.