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Monday, May 6, 2024

Minister proposes Special Investment Zone for South Korea

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Trade and investment, political cooperation, defense initiatives, tourism and labour issues dominated the discussion in Seoul, Republic of Korea between Foreign Minister Prof. G. L. Peiris and Korea’s Foreign Affairs Minister Chung Eui-yong.

Minister Peiris recalled that, during a previous period, there was a special investment zone in Sri Lanka for entrepreneurs from Korea (ROK). The Korea Business Association (KBA) had been very active in Sri Lanka at that time. The Ministers agreed that it would be timely to consider reviving this initiative and expressed resolve to work towards it.

The Foreign Minister of Sri Lanka reiterated his country’s interest in receiving two Naval craft from ROK. Minister Peiris paid tribute to the multi-faceted relationship which had developed between the two countries during their 44-year relationship, and its present robust character.

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