President Park Geun-hye delivers her speech at the Kenya-Korea Business Forum in Nairobi on May 31.
“I have no doubt that our two nations will pioneer new markets and discover new engines of economic growth.”
President Park Geun-hye stressed the importance of expanding economic ties between the two nations at the Kenya-Korea Business Forum in Nairobi on May 31, during her official state visit to the East African nation.
The president identified major areas of business development for Kenya and Korea, and explained how the two nations could go about revving their economic growth engines. She proposed diversifying their cooperation in manufacturing, energy infrastructure, IT, online government services and in the management of medical supplies and related health care issues.
The president referenced one of the memorandums of understanding (MOUs) signed by the two nations after that day’s summit talks. It covered cooperation on investment and trade, and the development of industrial complexes. She said, “With Kenya’s human resources and Korea’s technology, we will be able to create an industrial complex capable of producing competitive goods for the world market.”
“The world economy is experiencing difficult times, but if our businesses continue to work closely together and to trust one another, I have no doubt that our two nations will pioneer new markets and discover new engines of economic growth,” she said.
In response, Kenyan President Uhuru Kenyatta said, “We are hopeful that Korean businesses will invest in a wide range of Kenyan industries, including energy systems, finance, IT, roads, railways and ports. The Kenyan government will lend its full support to Korean businesses that invest in the Kenyan market to ensure they make profits.”
Adding that there is a lot of potential for economic growth and development between the two nations, President Kenyatta asked business leaders to “ceaselessly seek opportunities in the new market.”
By Lee Hana
Korea.net Staff Writer
Photos: Cheong Wa Dae
hlee10@korea.kr
President Park Geun-hye (second from left) listens to Kenyan President Uhuru Kenyatta (right) as he speaks during the Kenya-Korea Business Forum in Nairobi on May 31.
President Park Geun-hye, Kenyan President Uhuru Kenyatta, several government dignitaries and some 300 businesspeople attend the Kenya-Korea Business Forum in Nairobi on May 31.
