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Government keen on business forum with South Korea



Prime Minister James Marape said the government has a keen interest of a possibility to set up a Business Forum in South Korea to help diversify PNG’s economy as well as identify areas in which PNG and South Korea can interchangeably engage in business opportunities.


Mr Marape met with the Resident Ambassador of the Republic of Korea to PNG Kym-gu Kang who presented a letter of congratulation to Mr Marape from the President of the Republic of Korea conveying his congratulations to him on his recent election as the 8th Prime Minister of PNG.


Mr Marape convened a series of meetings this week with Resident Heads of Missions of the Republic of Korea, Republic of Malaysia and New Zealand.


This is a continuation of his previous meetings with the Resident Heads of Missions last month to help him familiarise himself on the status of existing bilateral relations, particularly various development assistance and commitments as well as discuss possible areas of cooperation.


“This is not the first time I will be meeting with you, so please feel free to discuss with me, issues concerning our bilateral relations that requires immediate attention and implementation and organise your appointments with me through the Department of Foreign Affairs and Trade and the Department,” said Mr Marape.


He began his series of meetings with the Resident Ambassador of the Republic of Korea, Mr Kang reaffirming the PNG government’s foreign policy has not changed and that he was focused on consolidating the relationship through other areas of cooperation.


He said PNG has a lot of investment opportunities and encouraged the Ambassador to look at fisheries, agriculture, mining and petroleum, and downstream processing in all sectors.

Mr Marape expressed the keen interest of a possibility to set up a Business Forum in South Korea to help diversify PNG’s economy as well as identify areas in which PNG and South Korea can interchangeably engage in business opportunities.


Mr Marape said he intends to visit South Korea in the near future to see what business opportunity both countries could engage in and has also extended an invitation to Ambassador Kang and interested investors to travel to Hela Province to explore investment opportunities in the LNG project and the mining sector.


Ambassador Kang in response thanked the PM for the meeting and agreed that Korea has a lot to share with PNG in terms of human capacity building and stands ready to assist in this area.


Source: https://postcourier.com.pg/govt-keen-business-forum-south-korea/

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