Economic Diplomacy Programme: High interests shown at Sri Lanka Investment Promotions in Korea

Chargé d’ Affaires of the Embassy of Sri Lanka in the Republic of Korea Jagath Abeywarna giving the welcome speech before starting the Investment Promotion Seminar at the Korea Chamber of Commerce and Industry (KCCI) on 19 February.

The Embassy of Sri Lanka in the Republic of Korea in collaboration with the Board of Investment (BOI) of Sri Lanka held an Investment Promotion Programme in Seoul from 19 - 22 February 2019, under the Economic Diplomacy Programme of the Ministry of Foreign Affairs of Sri Lanka.

The programme included an Investment Promotional Forum titled “Investment Climate and Business Opportunities in Sri Lanka” which was jointly organised by the Korea Chamber of Commerce and Industry (KCCI) and the Sri Lanka Embassy on 19 February 2019. KCCI is the Korea’s largest private economic organization that encompasses 71 regional chambers and approximately 160,000 members covering all the sections of the Korean economy.

The Forum attracted by a cross-section of over 80 Korean companies including manufacturing, logistics and warehousing, agriculture and agro-based products, tourism and leisure industry, infrastructure, and knowledge-based industries i.e. IT / BPM.

Chargé d’ Affaires of the Embassy of Sri Lanka in the Republic of Korea Jagath Abeywarna warmly welcomed the senior representatives of companies, as well as the Korean dignitaries including Honorary Consul of Sri Lanka in Gyeongsangnam-do Dr. Seo Minjae who attended the event. During the speech, the Chargé d’ Affaires highlighted that Sri Lanka is very keen to attract Korean investment along with its know-how and technology to Sri Lanka. He further added that Sri Lanka would be able to benefit from Korean new technology and hi-tech manufacturing, as the Republic of Korea is playing a leading role in the field.

Presentations on available investment opportunities in Sri Lanka were made by Additional Secretary Madhawa Waidyaratna of the Ministry of Megapolis and Western Development and Executive Director Prasanjith Wijayatilake of the Board of Investment of Sri Lanka. Director Yang Dongcheol of the Korea Exim Bank made a presentation on the financial support available at the Korea Exim Bank for the Korean companies. The Forum was followed by a B2B Meeting organized by the KCCI with the participation of Sri Lankan delegates and Korean companies who attended the Forum.

The Embassy also arranged a series of meetings with senior representatives of Korea Overseas Infrastructure & Urban Development Corporation (KIND), Korea Foundation of Textile Industries (KOFOTI), Science & Technology Policy Institute, Korea Agricultural Machinery Industry Cooperative (KAMICO), Korea Land & Housing Corporation (LH), Ministry of Land, Infrastructure and Transport (MOLIT), International Contractors Association of Korea (ICAK), Korea Rail Network Authority (KRNA) and other Korean potential Companies.

22 February 2019 

Embassy of Sri Lanka 

Seoul, Republic of Korea

Q & A Session

 B2B session

Delegation from the Board of Investment (BOI) of Sri Lanka at a business meeting with Chairman of Korea Agricultural Machinery Industry Cooperative (KAMICO) / Honorary Consul of Sri Lanka in Daegu and its member companies.  

Chargé d’ Affaires of the Embassy of Sri Lanka in the Republic of Korea Jagath Abeywarna and delegation from Sri Lanka in a meeting with Vice Chairman of the International Contractors Association of Korea (ICAK) Song Youngcheol in Seoul on 20 February.

​

Chargé d’ Affaires of the Embassy of Sri Lanka in the Republic of Korea Jagath Abeywarna and delegation from Sri Lanka in a meeting with Executive Vice Chairman of Korea Foundation of Textile Industries (KOFOTI)Jung Dongchang in Seoul on 20 February.