A Trade and Investor forum was held at the Korea International Trade Association (KITA) Headquarters on 17th February to attract prospective Korean investors to Sri Lanka and provide supplementary knowledge and awareness to Korean companies about the potential business opportunities available in Sri Lanka.
The Embassy of Sri Lanka in Seoul together with the KITA, one of the largest and leading business organizations in Korea, arranged the forum.
The existing bilateral commercial relations between the two countries do not quite reflect its full potential, said Sri Lanka’s Ambassador to Korea, Tissa Wijeratne in his opening address.
Therefore, he invited Korean companies to invest and conduct more trade with Sri Lanka during this present period when the economy is booming after the end of a three decade long conflict.
Mr. Kim Chee Jong, the Executive Managing Director of KITA, also reiterated, in his opening remarks, about the importance of Sri Lanka as an emerging market from the perspective of Korean companies and invited Korean companies to harness the maximum benefits.
One on one business meetings regarding specific interests in investment or business related ventures in Sri Lankan were further discussed and detailed information covering trade and investment were presented. Companies were also invited to attend the Sri Lanka EXPO to be held from 28th to 30th March 2012 in Colombo.
Kengnam Company, a leading Korean company in Sri Lanka for the last three decades explained their experiences along with two other Korean investors who have been successful in Sri Lanka. The participants highlighted their experiences in relation to Sri Lanka’s investment climate and sought to boost the confidence of Korean companies gathered at the forum.