Empowering Nepal seminar in Seoul to lure Korean investors

Nepali Embassy in Seoul, Non-Resident Nepalis (NRNs) and Korean Partner House are jointly organizing a three-day international seminar on ´Empowering Nepal - 2012´ in Seoul from Sunday in a bid to lure potential investors from South Korea to put their money in Nepal.
A delegation of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) under the leadership of its President Suraj Vaidya left for Seoul on Friday to take part in the seminar. "The seminar will cover areas such as investment prospects in hydropower and tourism sector in Nepal," FNCCI said issuing a press statement.
The seminar will showcase Nepal as a profitable investment destination to the international investors, shedding light on its laws and regulations. The seminar is scheduled to be addressed by Dipendra Bahadur Kshetry, vice-chairperson of National Planning Commission (NPC), different ministers from the Korean government and private sector leaders.
The seminar would also touch on issues related to the development assistance of South Korean government to Nepal and bilateral trade.
"Officials from FNCCI will hold business-to-business meetings with private sector leaders of South Korea," reads the statement.

Korean delegation studying investment prospects in Nepal

A delegation of Korean private sector has expressed interest to invest in Nepal´s hydropower and infrastructure projects.
The four-member delegation, which is in Kathmandu to study the prospects of investment in Nepal, met with the officials of Federation of Nepalese Chamber of Commerce and Industries (FNCCI).
“Yon Yong Suk, chief executive of Office of ILIJIN International Company Ltd, Korea and Bhaskar Raj Rajkarnikar, vice president of FNCCI lead the discussions between two parties,” reads a statement of FNCCI.
According to the release, Suk said the Korean investors are interested to invest in Nepal´s hydro sector. "I am hopeful that this discussion will pave the way forward for to us to invest in Nepal,” the release quoted Suk as saying in the meeting.
Sharing the vision of Investment Year 2012/13 among the Korean delegates, Rajkarnikar requested Korean investors to come to Nepal.
“The government is also formulating policies that are friendly for both domestic and international investors. This is why I request you to come here with investment,” Rajkarnikar told the Korean delegates.