Korea to provide more jobs for Lankans given current economic situation

The Republic of Korea has expressed that in an effort to deepen diplomatic ties, it is focused on providing more employment opportunities to Sri Lankans.

Republic of Korea Government Policy Coordination Minister Koo Yun-cheol, who was in the country last week, said that the country is keen on creating scope of employment in Korea for Sri Lankans, as it acknowledges the difficult economic situation prevailing in Sri Lanka.

Yun-cheol shared the intentions of Korea when he paid a courtesy call on President Gotabaya Rajapaksa recently.
The visiting minister highlighted that in celebration of the 45th anniversary of the diplomatic relations between the Republic of Korea and Sri Lanka this year, both nations must explore means to further elevate the robust bilateral relations in a future-oriented way.

Yun-cheol further noted that deepening economic engagement is paramount to addressing economic challenges and harnessing synergetic opportunities in trade and investment. He assured that efforts would be taken to encourage more Korean entrepreneurs to invest in Sri Lanka and share Korea’s technological expertise with Sri Lanka.

Rajapaksa, while expressing his gratitude to the support and development assistance extended by Korea, requested economic cooperation along the lines of attracting more Korean investors to explore opportunities in Sri Lanka.

He identified pharmaceutical, electronic and other value-added industries using raw materials readily available in Sri Lanka, as areas of potential. 

In a statement to the media, the Korean Embassy in Sri Lanka shared that both parties agreed to make progress in economic cooperation in a reciprocally beneficial manner in the post COVID-era. 

Korean Ambassador Santhush Woonjin JEONG, Director General for Development, Evaluation and Management CHOI Jae-Young and Secretary to President Gamini Senerath attended the meeting.