Martial Arts, Dispatch Economic Delegation to Nepal... Hold Korea-Nepal Investment Seminar

The Korea International Trade Association announced on the 9th that it dispatched an economic delegation to Nepal, led by Vice Chairman Jeong Manki, and held a 'Korea-Nepal Investment Seminar' to strengthen economic cooperation between Korea and Nepal.

This event was held to revitalize private economic exchanges between the two countries following the Korea-Nepal summit held in September. About 100 participants attended, including Vice Chairman Jeong Manki of KITA, Susil Bata, Director of the Nepal Investment Board, Park Taeyoung, Korean Ambassador to Nepal, government officials from both countries, and local businesspeople.

The Korea International Trade Association held the "Korea-Nepal Investment Seminar" in Kathmandu, Nepal, on November 8. (From the fifth person on the left in the photo) Attendees including Park Tae-young, Korean Ambassador to Nepal; Chandra Prasad Dhakal, Chairman of the Nepal Chamber of Commerce; Jung Manki, Vice Chairman of the Korea International Trade Association; and Susil Bata, CEO of Nepal Toochaeng, are seen posing for a commemorative photo.

Last year, the trade volume between Korea and Nepal increased approximately 47 times since the establishment of diplomatic relations. Investment by Korean companies in Nepal has also been steadily increasing, reflecting an expanding cooperation atmosphere between the two countries. Korea ranks as the 4th largest foreign direct investor in Nepal, contributing to Nepal’s infrastructure and manufacturing development through projects such as the construction of the Upper Trishuli-1 (UT-1) hydropower plant by Korea South-East Power and the operation of Samsung Electronics’ TV assembly factory in Nepal.

In his opening remarks, Vice Chairman Jeong said, “With Korea South-East Power commencing the construction of the first private hydropower plant project in Nepal this September, the renewable energy sector could become a promising area of future cooperation between the two countries.” He added, “If Nepal cultivates high-level IT software talent, it could complement Nepal’s disadvantage of being landlocked and attract significant investment from many Korean IT software companies.”

Susil Bata, Director of the Nepal Investment Board, stated, “Nepal is promoting various investment attraction projects in manufacturing, agro-food processing, IT, and energy sectors. In particular, based on abundant hydropower resources, we are striving to attract investment in the renewable energy sector and expect an expansion of investment from Korean companies.”

This content was produced with the assistance of AI translation services.