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Ethiopia,South Korea Business Forum Held In Addis Ababa

Ethiopia South Korea

By Tesfa-Alem Tekle
November 20,2019

(ADDIS ABABA) – Ethiopia and South Korea Business Forum was held in the Ethiopian capital, Addis Ababa according to the local, Fana broadcast news agency (FBC).

At the joint occasion, State Minister for Economic and Diaspora Affairs, Dr. Aklilu Hailemikael, said Ethiopia is paying special attention to attract foreign direct investment (FDI).

He underscored his country’s commitment to help Korean and all other foreign companies in succeeding up on engagement in investments in Ethiopia. 

The minister called on the Korean companies to participate and work with Ethiopian investors in the fields of agriculture, agricultural processing, tourism, mining, and information technology.

South Korea’s ambassador to Ethiopia, Lim Hoon Min, on his part noted that Ethiopia and South Korea have a historic relationship further citing to Ethiopia’s contribution to the Korean War as “unforgettable”

The Ambassador also said Prime Minister Dr. Abiy Ahmed’s visit to Korea last August was a testament to the growing relations between the two countries.

Over 90 companies and investors from Ethiopia and South Korea participated in the current business Forum.

Expediting the implementation of the pending Investment Expansion and Protection agreement between the two countries would be indispensable in attracting foreign investors, the Ambassador added.

The Forum was organized by the Ethiopian Embassy in Seoul, Korea-Africa Foundation, Korea Federation of Textile Industries, Ethio-South Korea Business Association, the Ethiopian Chamber of Commerce and Sectoral Associations, Addis Ababa Chamber of Commerce and South Korean Embassy in Ethiopia.


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