Nepal

South Korean Ambassador vows additional investment in Nepal

KathmanduPati January 12, 2021

KATHMANDU – The South Korean Ambassador to Nepal has announced to facilitate for investment in Nepal’s tourism, hydropower and infrastructure sectors.

Interacting with the office-bearers of Confederation of Nepalis Industries (CNI) on Monday, Ambassador of South Korea to Nepal Park Chong-suk assured of additional investment from South Korean investors in Nepal and facilitation for such investment.

On the occasion, President of CNI Satish Kumar More said that the CNI was ready to cooperate with the investors from South Korea stating that opportunities and returns for foreign investment in Nepal were lucrative.

Stating that the friendly ties between Nepal and South Korea should be transformed into a robust economic partnership, President More urged the ambassador to support for bringing in Korean capital and technology.

Likewise, the CNI office-bearers shared that a favourable environment has been created to manage the skilled workers in Nepal due to a pool of returnee migrant workers from South Korea and suggested that the returnees could be utilised in the enterprises.