South Korea eyes mega projects with Pakistan, inspired by CPEC model, says Amb. Park Ki Jun
South Korean Ambassador Park Ki Jun highlighted the potential for Pakistan and South Korea to collaborate on mega projects, similar to the China-Pakistan Economic Corridor (CPEC). In an interview, he emphasized the possibility of cooperation in sectors like energy and infrastructure, leveraging Pakistan’s skilled workforce despite its liquidity challenges. He noted that Korean IT companies are eager to invest in Pakistan, taking advantage of its youth talent. The Ambassador also called for enhanced trade between the two countries, which currently stands at $1.2 billion, and stressed the importance of joint efforts to harness Pakistan’s natural resources and Korea’s advanced technology. He also mentioned plans to strengthen cultural ties, including a week-long Korea-Pakistan Gala in Islamabad this October.
South Korean Ambassador Park Ki Jun has said Pakistan and South Korea can undertake mega projects in diverse fields on the pattern of China-Pakistan Economic Corridor.
In an exclusive interview with Radio Pakistan’s News and Current Affairs Channel, he acknowledged the importance of game-changer project of CPEC. He said same pattern can be pursued to enhance cooperation between South Korea and Pakistan in multiple sectors like energy and infrastructure.
The Ambassador said Pakistan has a great skilled workforce, facing liquidity issues. He added that Korean IT companies are keen to start their businesses in Pakistan by taking advantage of the skilled youth bulge of the country.
Park Ki Jun also emphasized the need to enhance trade cooperation between South Korea and Pakistan as the existing trade volume is far less than the potential both the countries have in this sector. He said trade volume between the two countries was 1.2 billion dollars last year and there is needed to enhance it.
The Ambassador said Pakistan has rich natural resources and a vibrant human resource, while Korea is leading in advanced technology and economic growth. He stressed the need to work jointly for the betterment of the people of the two countries.
Regarding people to people contacts, the Korean Ambassador said his country is trying to further strengthen these ties. He said South Korea has a special passion for Pakistan’s cultural heritage, especially the Gandhara civilization.
The Ambassador said a week-long Korea-Pakistan Gala will be organized in October this year in Islamabad where people from different walks of life would be invited. He said officials of the Pakistani government as well as artistes from both the countries will attend the event.
CPEC’s Success Story: $25 Billion Invested Across 38 Completed Projects
ISLAMABAD: A total of 38 projects worth over $25 billion have been completed and 23 develo…
CPEC’s Success Story: $25 Billion Invested Across 38 Completed Projects
ISLAMABAD: A total of 38 projects worth over $25 billion have been completed and …
