Sri Lanka, South Korea discuss ways to boost investment

Image
IANS Colombo
Last Updated : Aug 30 2013 | 7:25 PM IST

Sri Lankan President Mahinda Rajapaksa met visiting South Korean Prime Minister Chung Hong-won Friday and discussed ways to boost bilateral investment and trade, Xinhua reported.

The three-day official visit of Chung from Aug 28 to 30 also saw him visiting the freshly expanded Colombo port, which is now the deepest harbour in South Asia.

The two leaders discussed investment and trade opportunities including the high number of Sri Lankan migrant workers in South Korea, according to a statement from Rajapaksa's office.

Earlier Thursday, Chung signed an agreement that would help Sri Lanka use South Korean technology to protect its environment and water resources.

"Korea will share its knowledge on the management on environmental issues and will explore new avenues for further cooperation in this field," Chung said.

This is the first official visit of a South Korean premier since the establishment of diplomatic ties between the two countries in 1977.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 30 2013 | 7:22 PM IST

Next Story