Nepali embassy is Seoul is going to organise Invest Nepal seminar to attract investment from South Korea.
A delegation led by foreign affairs minister Mahendra Bahadur Pandey is leaving for Seoul tomorrow to participate the three-day seminar organised on the occasion of 40th anniversary of bilateral relations between Nepal and South Korea.
Minister Pandey is scheduled to inaugurate the event on May 15 spokesperson at the ministry Deepak Dhital said, adding that the seminar will focus on five identified areas of economic diplomacy including promotion of foreign aid, international trade, tourism, foreign employment and foreign investment.
Likewise, Nepal will seek Korean investment especially in Nepal’s hydropower sector and infrastructure projects like road and rail, among others. Besides bilateral mutual issues, the two sides will also discuss South Korean participation in South Asian Association for Regional Cooperation (SAARC). South Korea is an observer state for SAARC.
South Korea – one of the members of Organisation for Economic for Economic Co-operation and Development (OECD) that is a forum of countries that promotes policies to improve economic and social well-being around the world – is already investing in some of the hydropower projects in Nepal.
Nepali delegates, on the occasion, will apprise Korean investors of the investment environment and opportunities in Nepal in sectors ranging from tourism to hydropower.
Some South Korean companies are developing 216-MW Upper Trishuli I Hydropower Project, whereas another Korean company is involved in preparation of detailed project report for the East-West Railway Development Project.
The delegation includes industry secretary Krishna Gyawali, joint secretary at Energy Ministry Udaya Raj Sapkota and chief executive of Investment Board Nepal Radhesh Pant.
The delegation is going to give presentation on investment opportunities in hydropower sector in Nepal.
Meanwhile, the delegation will also discuss issues related to Nepali migrant workers like pension for those serving for a long time and management of dead bodies of Nepalis killed in Korea and bank facilities.