Govt ready to welcome Korean investors and entrepreneurs: Minister Saud

KATHMANDU: Minister for Foreign Affairs Narayan Prakash Saud stated that the government is prepared to welcome Korean investors and entrepreneurs at the upcoming Nepal Investment Summit. The summit, hosted by Nepal, is scheduled for April 28 and 29.

At a programme marking the 50th anniversary of diplomatic relations between Nepal and the Republic of South Korea, Minister Saud expressed interest in seeing Korean companies increase their investment in Nepal. He mentioned that if companies like Samsung and Hyundai Motors were to show interest in investing in Nepal, the Government of Nepal would benefit from those opportunities.

He highlighted the potential for economic cooperation between the two countries and urged for an increase in bilateral trade and investment. He also called for strengthening partnerships in agriculture, energy, tourism and information technology.

Minister Saud acknowledged the presence of numerous Nepali migrant workers and students in South Korea, and the influx of South Korean tourists visiting Nepal. He committed to expanding such exchange programmes.

Nepal and Korea established diplomatic relations on May 15, 1974. Minister Saud noted that the relationship between the two countries, based on friendship, cooperation and mutual relations, is strengthening.

He affirmed that Nepal could learn from the success stories of South Korea's rapid progress and prosperity, and expressed a desire to enhance partnerships in mutually beneficial areas.

Kewal Prasad Bhandari, Secretary at the Ministry of Labour, Employment and Social Security, praised the priority given by the South Korean government to Nepalis in the employment sector. He opined that the skills, knowledge and experience gained by Nepali workers in South Korea would benefit Nepal.

Bhandari said the contributions made by the South Korean government in Nepal's development sector have further strengthened the friendly ties between the two countries.

South Korean Ambassador to Nepal, Park Tae-Young, asserted that the 50-year journey was a story of shared values, mutual respect and a commitment to building a better future for the people of both countries. He argued that cooperation between the two countries has been a strong catalyst for personal and economic development.

The Korean Ambassador congratulated the leaders and citizens of both countries for reaching this historic milestone, attributing it to the sacrifices and dedication of countless individuals who have worked tirelessly to build and expand relations and foster cooperation between the two countries.

On the occasion, minister and ambassador unveiled the logo commemorating the 50th anniversary of diplomatic ties between the two countries. They also launched a book titled 'Tapain Pani Malik Banna Saknu Huncha (You Can Also Become A Master)', based on the success stories of Nepali migrant workers from South Korea's Employment Permit System (EPS) programme.

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