Government says the South Korean government’s desire to open a permanent residency embassy in the country will help to forge trade and bilateral relations between the two countries.
Minister of Trade and Industry Simplex Chithyola- Banda made the remarks yesterday in Lilongwe when he met Korean representative for Africa in the Ministry of Foreign Affairs, Hong Jin-Wook and his delegation.
Chithyola-Banda said Malawi can benefit from the South Korean success transformation story from poverty to prosperity emanating from networking and hard work, and assured of Malawi’s total support for the sustainable and strategic partnership.
In his remarks, Guillaume Barthe-Dejean Vice President of SK Group, South Korean second largest conglomerate with more than 175 operating companies with an annual turnover of $139billion and more than 10,000 employees globally said there are challenges in Malawi as is elsewhere, but the challenges can be turned into opportunities.
He said there is no reason why South Korean brands cannot be manufactured and assembled right here in Malawi as is done in other African countries.
Hong Jin-Wook said South Korea attaches greater degree of importance to its relationship with Malawi hence its delegation comprised both public and private sectors representatives to forge bilateral and trade ties with the country.
Hong Jin-Wook has informally invited Malawi to attend the Korea Africa Summit next year and the World Expo 2030 which it is vying to host.
