South Korean Ambassador Jong Hwan-song said many Korean companies are keen to invest in Pakistan. PHOTO: FILE
South Korean Ambassador Jong Hwan-song said many Korean companies are keen to invest in Pakistan.
“Pakistan has so many things including wonderful people, geography, climate, physical and human resources and rich culture to be cherished,” he said.
He was speaking at a prize distribution ceremony of a quiz competition about Korea held in connection with the celebrations of the 30th anniversary of diplomatic relations between Korea and Pakistan, at the National University of Modern Languages (NUML) here on Thursday.
The ambassador assured that he would make efforts to expand and strengthen cooperation between the two countries.
“The language skills demonstrated by the participants in the contest are worth praising which would open new avenues of opportunities in the world,” he added.
Hafiz Muhammad Arsalan clinched the first position.
Hafiz Waseem Iqbal got the second position while Nadeem Iqbal and Naveed Ahmed shared the third position in the quiz competition.
Arsalan will visit Korea to participate in a final round in Seoul.
Published in The Express Tribune, July 5th, 2013.
COMMENTS (13)
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@Jay: well my novice friend the profit potential is much greater in a new market than a somewhat saturated market, with the things moving in a positive direction , efforts of reducing the negative interference from outside and other misc factors , Pakistan is The market for sensible investors, Koreans have invested in power sector and hydal projects as they correctly visualized the requirement and its profit potential , so please use some brains
heard the same thing from numerous envoys over the years. cant decide whether to accept it or not as non of the previous turned into a reality
@Zain: Let both of us work together for a better world.
South Korean firm Lotte had invested about 490 million USD in PTA plant in Port Qasim Karachi, Pakistan. It's good they are investing in a number of sectors. Per capita income of Pakistan is more than double of Bangladesh. Pakistan GDP is the 17th largest GDP of the world.
@Zain: don't be so paranoid!!!
South Korean have already invested in Pakistan in Automobile Sector, Hyundai motor company makes Shehzore Pick up and Hyundai Santro is already in the market. LG and Samsung are a household name in Pakistan. The Indians as usual are feeling the pain and stomach ache from any good news coming out of Pakistan, just ignore them, they have always been bitter and continue to prove they will always remain bitter with Pakistan. I don't see most Pakistanis going to Indian sites and posting such remarks, myself included, I regularly visit Times of India site, but never put bad remarks against India, because most Pakistanis do not feel so bitter about India, sadly the same can be sad about Indian's feelings about Pakistanis.
@Jay I don’t understand what korean firms get in return ++++++++++++++++++++++++++++++++++++++++ Well you guys never do. Feeling itchy?
@expaki: its NORTH Korea, they have been paid in advance by our one “DOCTOR”
Read the first word and enjoy an epic facewall! South Korean Ambassador Jong Hwan-song said many Korean companies are keen to invest in Pakistan.
If only Pakistan government controls the terrorism,much more investment will come in.If not,these nice gestures wont come to fruition.Niether negotiations alone,neither force by itself is going to be effective.Both has to go together.Mullahs also need to come out of their medieval thinking,and let true Islam enter their hearts.
So you guys think the r stupid, then why had uniliver bought back there shares of approx $400 million. If pakistan is so bad they sbud have sold the complete company and left it
Yes , sure ! First requirement of any international business set up is Infrastructure, Energy Source and Security. Can Pakistan of today, provide any of these in any state or region of the Country ? Sadly the answer is NO ! So why would anyone want to invest in the Country, which lacks the basic requirements to function and operate a business ?
@Jay: its NORTH Korea, they have been paid in advance by our one "DOCTOR"
I don't understand what korean firms get in return once they start investing? Pakistan is a most unstable and small market compared to other market.Even bangladesh is a much bigger market than pakistan.