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Economy
09 April 2021, 17:24

Belarus seeks to step up investment cooperation with South Korea

Photo courtesy of the Economy Ministry
Photo courtesy of the Economy Ministry

MINSK, 9 April (BelTA) – Belarus is keen to advance investment and industrial cooperation and set up joint ventures in various fields with South Korea. These matters were in focus of a meeting between Belarusian Economy Minister Aleksandr Chervyakov and Ambassador Extraordinary and Plenipotentiary of South Korea to Belarus Tae Jung Yeol, BelTA learned from the press service of the Belarusian Economy Ministry.

“The Economy Ministry is actively working with the Belarusian National Agency of Investment and Privatization to expand investment cooperation and increase attractiveness of business environment in Belarus. We would like to boost industrial cooperation and establish joint enterprises in various fields: manufacturing of tools, cars, car components, electronics, household appliances, tires, medical equipment, and farm machinery,” Aleksandr Chervyakov stressed as the parties discussed plans for establishing ties between the National Agency of Investment and Privatization and Korea Overseas Infrastructure & Urban Development Corporation (KIND).

Apart from discussing the bilateral investment cooperation, the parties exchanged opinions about prospects for South Korea's participation in implementation of various infrastructure projects in Belarus.

“The national infrastructure plan for the next five-year period is almost finished. We are very eager to cooperate with South Korea in financing and implementation of infrastructure projects in innovations, information and communications technology, manufacturing, science, and technology. This would benefit both the countries,” Aleksandr Chervyakov noted.

Aleksandr Chervyakov and Ambassador Tae Jung Yeol also exchanged opinions on further cooperation within the framework of South Korea's program that provides for knowledge sharing and joint research, especially in the fields of policy on industrial clusters and regional development.

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