President Park Geun-hye, currently on a state visit to Chile, emphasized that the range of cooperation between Korea and Chile should be expanded to higher added-value sectors. “Korea’s investment in Chile will increase continuously,” she added.
In an interview with Chilean daily El Mercurio, President Park acknowledged Chile as the first South American country to approve the government of the Republic of Korea in 1949. She also pointed out that Chile was the first nation to sign a free trade agreement (FTA) with Korea. “Backed by the cooperative partnership, our two countries have been broadening the range of cooperation,” said President Park.
“As both countries pursue the next breakthrough in bilateral cooperation while focusing on innovation, I hope to bolster bilateral cooperation in industries with higher added-value such as science, technology, ICT, healthcare, welfare, defense, and education."
President Park attributed Korea’s increasing investments in Chile to the Latin American country’s fast economic growth and diversification of industries which increase opportunities for business cooperation and investment.
“The Chilean government has been carrying out large-scale investment projects in the infrastructure sector such as mining development, construction of power plants and transportation," she commented. “More Korean firms which have strength in these areas are penetrating into the country.”
She noted that Chile’s economic development and income growth lead to growing demands in various sectors with higher added-value such as health and welfare, ICT, digital content, and environment-friendly energy. “Korea’s investment in these areas will be able to expand, too,” said President Park.
“Chile has an attractive business environment for overseas investors thanks to its open market, social stability and transparency,” said President Park. “I expect Korea’s investment in Chile to expand in the future.”
By Yoon Sojung
Korea.net Staff Writer
arete@korea.kr
In an interview with Chilean daily El Mercurio, President Park acknowledged Chile as the first South American country to approve the government of the Republic of Korea in 1949. She also pointed out that Chile was the first nation to sign a free trade agreement (FTA) with Korea. “Backed by the cooperative partnership, our two countries have been broadening the range of cooperation,” said President Park.
“As both countries pursue the next breakthrough in bilateral cooperation while focusing on innovation, I hope to bolster bilateral cooperation in industries with higher added-value such as science, technology, ICT, healthcare, welfare, defense, and education."
President Park Geun-hye highlights the need to strengthen bilateral cooperation among newly emerging industries with higher added-value in an interview published by the El Mercurio on April 22.
President Park attributed Korea’s increasing investments in Chile to the Latin American country’s fast economic growth and diversification of industries which increase opportunities for business cooperation and investment.
“The Chilean government has been carrying out large-scale investment projects in the infrastructure sector such as mining development, construction of power plants and transportation," she commented. “More Korean firms which have strength in these areas are penetrating into the country.”
She noted that Chile’s economic development and income growth lead to growing demands in various sectors with higher added-value such as health and welfare, ICT, digital content, and environment-friendly energy. “Korea’s investment in these areas will be able to expand, too,” said President Park.
“Chile has an attractive business environment for overseas investors thanks to its open market, social stability and transparency,” said President Park. “I expect Korea’s investment in Chile to expand in the future.”
By Yoon Sojung
Korea.net Staff Writer
arete@korea.kr
