President returns after successful South Korean visit
President Mahinda Rajapaksa returned to the island yesterday after
completing a successful four-day state visit to South Korea.
President Rajapaksa held a very productive discussion with South
Korean President Lee Myung-bak where he appreciated the assistance
rendered by Korea for development activities in Sri Lanka. The President
invited Korean investors to make use of the investment opportunities
available in the country and also pointed out the possibility of
entering into a free trade agreement between the two countries as Sri
Lanka’s exports to Korea had grown to USD 46 million last year.
During the bilateral discussion with the South Korean President, he
agreed to provide his country’s assistance to the Information Technology
Park being built in Hambantota.
The two Presidents signed three agreements enhancing cooperation in
information, economic and power sectors. Addressing key business persons
of Korea the President said that Sri Lanka is well poised to offer a
safe and sound investment opportunity to its many foreign investors and
are working closely with many of Sri Lankan companies to strike new
relationships that are of mutual benefit.
The President also attended the Sri Lanka - Korea Business Forum
hosted by the Busan Chamber of Commerce and Industry where he invited
Korean business community to invest in Sri Lanka and to be a partner in
the prosperous march of the nation. “I can confidently assure you that
you will truly be happy that you took such a decision,” he