Business · Markets · 18 mins ago
Indonesia Plans Stock Market Reforms Inspired by Japan and South Korea
Indonesia’s government is preparing stock market reforms inspired by Japan and South Korea.
Deputy Coordinating Minister for Economic Affairs Dradjad H. Wibowo said the goal is to raise the value of companies listed on the Indonesia Stock Exchange through stronger corporate governance and more efficient use of capital.
Officials are also seeking economic policies that support companies, with proposals on taxes, import duties and green energy to be reviewed with relevant ministries and agencies.
The government wants faster decisions on market rule violations, using other countries’ one-to-three-week timelines as a benchmark.
Dradjad said market oversight is already operating, but communication about decisions and follow-up needs to improve.
The government also wants more investor education and protection, as the stock market becomes a place for people to save and grow their assets.
About 15% of Indonesians of working age have entered the stock or financial markets, and the government says it will follow up on policy proposals through coordination meetings.
Indonesia is preparing capital market reforms inspired by practices in Japan and South Korea.
Deputy Coordinating Minister for Economic Affairs Dradjad Wibowo said the reforms aim to raise the value of listed companies through better corporate governance and more efficient use of capital.
The government is seeking market participants’ proposals on policies including taxes, import duties and green energy.
It also wants faster enforcement of market rules and stronger investor education.
- Who
- Indonesia’s government, represented by Deputy Coordinating Minister for Economic Affairs Dradjad Wibowo.
- What
- It is preparing capital market reforms inspired by Japan and South Korea, alongside plans to speed up enforcement and improve investor education.
- When
- Dradjad discussed the plans on November 12, 2026.
- Where
- Indonesia. The discussion took place at the Coordinating Ministry for Economic Affairs in Jakarta, according to CNN Indonesia.
- Why
- To increase the value of listed companies, strengthen the capital market and support investor confidence.
This story does not have two clearly opposing sides.
Dradjad discussed proposed capital market reforms at a meeting with market participants in Jakarta.
CNN Indonesia and CNBC Indonesia published reports on the government’s reform plans.
- Reform models
- Japan and South Korea
- Main goal
- Increase the value of listed companies
- Policy proposals
- Taxation, import duties and green energy
- Enforcement benchmark
- One to three weeks in some other countries
- Market participation
- About 15% of Indonesia’s working-age population has entered the capital or financial markets
2 sources
What people are saying
The first thing is to emulate the reforms in Japan and Korea. We are doing this to achieve value up, meaning an increase in the value of our listed companies.
We hope that decisions can be followed up quickly. We use benchmarks from other countries, where some can do it in one week and some in three weeks.
We see the capital market as a savings vehicle for our people. Many are already keeping their investments in the capital market.