Peru has so far attracted US$ 4.5 billion worth of investments from the Republic of Korea over the last ten years, mostly in the core sectors of mining and energy, Korean Ambassador to Peru, Keun Jo Jang, said Tuesday.
Delivering the opening remarks at a high-level business forum held in the nation's capital Lima, the diplomat stressed Peru represents Korea's largest investment destination encompassing the mining and energy sectors.
"The Korean government is firmly committed to contributing to the economic and social progress of Peru," Jo Jang said in his address to business leaders from both countries on Tuesday.
"We are at the exploration stage. To date, there are about thirty [Korean] businesses headquartered in Peru. In addition, we see the number of companies increases to three or four each year," he noted.
Furthermore, Korea's top representative in the Andean nation went on to note that "small and medium sized- enterprises (SMEs), for instance, may open new frontiers for entrepreneurs of both countries."
The two-way trade cooperation between Peru and the Republic of Korea shows a steady growth and great dynamism, based on the signing of the Free Trade Agreement (FTA) in 2011 and the Comprehensive Strategic Partnership Declaration in 2012,
These accords have allowed the intensification of exchanges in various fields, including political, trade and economic cooperation.
(END) AAC/AQR/DLG/LOG
Published: 8/26/2014