Investment promotion meet to be held in South Korea

Investment promotion meet to be held in South Korea

Nepal is going to market itself as an attractive investment destination in South Korea. "A seminar on 'Investment Promotion in Nepal' is going to be held in Seoul on May 15, 16 and 17 on the occasion of the 40th anniversary of the establishment of diplomatic ties between Nepal and South Korea," informed Nepali ambassador to the Republic of Korea Kaman Singh Lama, here today. The seminar will be held coinciding the day Nepal established its residential embassy in South Korea 40 years back. Lama claimed that the seminar will help attract and highlight current investment opportunities in Nepal. "The seminar will also focus especially on the development of energy and water resources," he said, adding that the seminar would be very useful in exploring investment opportunities in the energy and water resources sectors. Some twenty-one working papers on different topics including energy, trade, industry, agriculture, education, environment and technology will be presented by experts from both Nepal and Korea, apartfrom having an intense discussion. Nepali delegation will comprise of some 100 people including representatives of the government, business community and various organizations, whereas the foreign minister will lead the delegation. Nepalis living in South Korea will also take active part in the seminar. Nepal and the Republioc of Korea established diplomatic relations at the consular level in 1969. South Korea opened its embassy in Kathmandu on May 15, 1974, while Nepal established its embassy in Seoul in March 2007.
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