South Korean Industrialists Seek Proposals for Investment in Nepal

A visiting delegation of industrialists from South Korea, including Ambassador to Nepal Park Taeyoung, called on Minister for Physical Infrastructures and Transport Prakash Jwala and sought a proposal for investment in the 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 roadways and railways 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, a change in government prevented the signing of the agreement.

After some months, the establishment of diplomatic ties between Nepal and South Korea will reach 50 years. South Korea is interested in utilizing this occasion for investment in Nepal.

In response, Minister Jwala said he would make every effort to prepare a proposal for investment. If significant agreements on Korean investment in infrastructure were made, it would further strengthen the relations between the two countries.

He thanked the Korean government for providing training to Nepali engineers at different times. "Do not change if not necessary.