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S. Korea, Uganda hold biz forum amid Park’s trip

South Korea’s business community voiced hope Monday that President Park Geun-hye’s trip to Uganda this week will help expand economic partnerships between the two countries

"The two sides need to spread government-level cooperation to the civilian sector," Park Yong-maan, president of the Korea Chamber of Commerce and Industry (KCCI), said at a business forum held in the Ugandan capital of Kampala.

More than 250 South Korean and Ugandan officials and business leaders attended the event. They include President Park Geun-hye and Uganda’s Trade Minister Amelia Kyambadde.

South Korean firms are interested in investing in the African nation, especially in the infrastructure and oil sectors.

"But they suffer troubles in launching businesses there due to lack of experience," the KCCI head said. "They will be able to provide big support for the Ugandan economy as well as its efforts to resolve social problems such as poverty, health care and education."

In the forum, Kim Il-soo, director of the Korea-Africa Center, stressed that South Korea is an optimal partner for Uganda, given its success in developing its economy and democracy at the same time.

He said the two sides can cooperate in the agriculture, energy, ICT, textile and tourism fields.

"If South Korea’s technology and Uganda’s affluent natural resources are combined, it will create big synergy," he pointed out.


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