The discussion focused on ways of engaging South Korean private sectors in various investment areas in Ethiopia, according to the Ethiopian Embassy in Seoul.
During the meeting heads of several South Korean companies showed their interests and readiness to invest in Ethiopia.
The industries in which the South Korean companies are interested include chemical, manufacturing, construction, and assembling, among others.
President Sahle-Work expressed her belief that economic cooperation between Ethiopia and South Korea will continue to soar, exploring new dimensions on investment promotion, trade and industrial park development.
She also encouraged the delegation and the South Korean companies in general to invest in Ethiopia and affirmed the readiness of the Ethiopian government to support the investors, which is also crucial to further strengthen ties between the two countries.
Kim Sang jin, head of the business delegation affirmed the readiness of Innobiz Association members to invest in the development of Korean-only Industry Park in Ethiopia.
Kim stressed that the visit is a demonstration of the commitment of South Korean companies to do a long term business in Ethiopia and requested the follow up of Ethiopian government in this endeavor.
During their week-long stay in Ethiopia, the delegation also met with high officials from the Ministry of Trade and Industry, Amhara, Tigray and Oromia regional states as well as the private sectors to hold discussions on bolstering the current investment activities of South Korean companies in Ethiopia.
The delegation also paid a visit to the industrial parks in Tigray, Amhara and Oromia regional states.
- Ethiopian Videos