South Korean industrialists seek proposal for investment in Nepal

Kathmandu: A visiting delegation of industrialists from South Korea including the ambassador to Nepal, Park Taeyoung, has called on the Minister for Physical Infrastructures and Transport Prakash Jwala, and sought a proposal for the investment in infrastructure sector in Nepal.

During the meeting held at the Minister's office in Singh Durbar on Monday, the delegation reminded that they were investing in Nepal's hydropower, and are now ready to invest in the infrastructure sector as well. Ambassador Park said South Korea was ready to invest in roadway and railway in Nepal.

So, it was prepared to hold a thorough discussion on any concrete project in this regard. He also recalled that although Nepal and South Korea were ready for Korean investment in the infrastructure sector in 2018, change in government obviated the signing of the agreement.

After some months, the establishment of diplomatic ties between Nepal and South Korea is reaching 50 years. South Korea is interested in utilizing the occasion with investment in Nepal. In response, Minister Jwala said he would take the utmost initiative to prepare a proposal for the investment.

If significant agreements on Korean investment in infrastructure were made, it would further strengthen two-country relations. He thanked the Korean government for providing training to Nepali engineers at different times.

RSS