Sri Lanka Embassy, KITA host trade and investor forum in Seoul

The Embassy of Sri Lanka in Seoul together with the Korea International Trade Association (KITA), one of the largest and leading business organisations in Korea, arranged a Trade and Investor forum dedicated to Sri Lanka on 17 February.

The forum was successfully held at the KITA Headquarters and enjoyed the participation of more than 80 Korean companies. The forum hopes to attract prospective Korean investors to Sri Lanka and provide supplementary knowledge and awareness to Korean companies about the potential business opportunities available in Sri Lanka.
In his opening address, Sri Lanka’s Ambassador to Korea Tissa Wijeratne, stated that existing bilateral commercial relations between the two countries do not quite reflect its full potential.
Therefore, he invited Korean companies to invest and conduct more trade with Sri Lanka during this present period when the economy is booming after the end of a three decade long civil conflict. KITA Executive Managing Director Kim Chee Jong also reiterated in his opening remarks, about the importance of Sri Lanka as an emerging market from the perspective of Korean companies and invited Korean companies to harness the maximum benefits.
One on one business meetings regarding specific interests in investment or business related ventures in Sri Lankan were further discussed and detailed information covering trade investments were presented.
Companies were also invited to attend the Sri Lanka EXPO to be held from 28 to 30 March in Colombo. Kengnam Company, a leading Korean company in Sri Lanka for the last three decades explained their experiences along with two other Korean investors who have been successful in Sri Lanka. The Participants highlighted their experience in relation to Sri Lanka’s investment climate and sought to boost the confidence of Korean companies gathered at the forum.