High-level Korean delegation visits Board of Investment and Port City Colombo - Opportunity Sri Lanka
High-level Korean delegation visits Board of Investment and Port City Colombo

High-level Korean delegation visits Board of Investment and Port City Colombo

Daily FT: A high-level delegation on an official visit to Sri Lanka from 14 to 15 November, visited the Board of Investment and Colombo Port City for a briefing on investment opportunities.
The delegation discussed ways to strengthen commercial ties and investments, with the BOI Chairman Dinesh Weerakkody and Port City officials.
The delegation included BMC Ambassador for International Relations Shin Chae Hyun, 2030 EXPO Bid Promotion HQ, BMC Director General Cho You Jang, BMC Assistant Director (for Interpretation) Park Mi Sol, Korean Ambassador Lee Miyon, Director (MOFA) Kim Kihyun, Busan Port Authority CEO and President Kang Joon Suk, Busan Economic Promotion Agency President Jin Yang Hyun, Busan Metropolitan Corporation Urban Creation HQ Director Seong Du Kyeong, Korea Chamber of Commerce and Industry Senior Vice President Park Dong Min, SK Telecom Vice President RA Kyong Hwan, SK networks Co. Ltd. Executive Director Jang Jin Oh, and Channel S CEO Kim Hyun Sung.

OSL take:
Sri Lanka’s ongoing economic activities and the country’s development programmed have presented a host of business/investment opportunities. These together with other appealing factors that make Sri Lanka an emerging business destination in the South Asian region like Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed with other countries have attracted the attention of many foreign businesses/investors. It is in such a backdrop that a high-level delegation from South Korea visiting the BOI to explore investment opportunities in Sri Lanka. While Sri Lanka and South Korea already enjoy trade ties, the two countries are looking a further enhancing ties. With Sri Lanka on a growth path with expansions in all key economic sectors and the country showing growth and business potential in all sectors, South Korean businesses/investors could confidently explore the expanding opportunities in Sri Lanka. Given the expansion and profits recorded by local businesses, South Korean businesses could look at forming partnerships or joint ventures with local businesses with the aim of further expansion.

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Article Code : VBS/AT/20231123/Z_3

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