South Korean business leaders express interest in investing in Sri Lanka
President Maithripala Sirisena, who is currently on an official visit to South Korea, has met with South Korean business leaders in Seoul.
The business leaders have reportedly expressed their strong interest in investing in Sri Lanka during their meeting with the President on Wednesday.
The meeting between the President and the business leaders had taken place during a luncheon meeting in downtown Seoul.
The Yonhap News Agency has reported that the President has met with a group of Korean entrepreneurs who operate businesses in the South Asian country or plan to make forays into the region.
During the meeting, the South Korean business leaders have reportedly sought cooperation in expanding their presence in the South Asian market, especially to expand into the SME sector, according to the Korea Federation of Small and Medium-sized Enterprises (SMEs), which had organized the meeting.
Park Sung-taek, chairman of the Korea Federation of Small and Medium-sized Enterprises has been quoted in the media as saying that many South Korean business people are interested in Sri Lanka as part of a South Asian trio with high potential of growth, along with Bangladesh and Pakistan.
Park has called on President Sirisena to make a business-friendly environment in Sri Lanka so more Korean SMEs can expand into the market.
The interest expressed by South Korean business leaders to invest in Sri Lanka indicates a further expansion of the country’s foreign direct investments (FDI) portfolio. Local entrepreneurs could now approach businesses in South Korean to form joint ventures or any other form of partnerships to commence new business ventures in Sri Lanka.
|Article Code :||VBS/AT/04122017/Z_7|