–follows up on discussions held last April
A delegation comprising representatives from various public and private sector agencies in the Republic of Korea has met President Bharrat Jagdeo at State House.
The team was led by Director General of Latin American and Caribbean Affairs Bureau in Korea’s Foreign Affairs and Trade Ministry, Choo Jonh Youn, and is on a fact finding mission in search of promising areas for future investment.
Youn told the Government Information Agency (GINA) that “we would like to look around many places and to see many people in Guyana to get information.”
With a geographic size similar to the Korean peninsula and a population of approximately 800,000, Youn said he sees lots of room for future cooperation with Korea and believes that prospects lie in the mining, fisheries and agriculture sectors.
“We have to study a little more and analyse information that we have received,” Youn said.
President Jagdeo had stimulated the interest of the Korean investors when he met with a group while in Seoul for the Business for the Environment (B4E) summit and the receipt of the Champion of the Earth award.
The investors, including the Korea Importers Association (KOIMA) Chairman, Lee Ju-tae, were told by the Guyanese leader of Guyana’s interest in Korean businesses participating in the development of national projects to boost mutual cooperation between the two countries.
He promised them that Guyana is prepared to welcome foreign businesses that invest in the development of resource mining and entrepreneurship.
President Jagdeo made reference to Guyana’s oil fields and natural gases and oil drilling plans by international oil companies.