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South Korean companies are keen to invest in Zimbabwe and strengthen the bilateral relations existing between the two countries, outgoing Seoul ambassador to Harare Mr Kwang-Chul Lew said yesterday. The envoy paid a courtesy call on Acting President Joice Mujuru at her Munhumutapa Offices to bid her farewell. Mr Kwang said Zimbabwe’s economy had great potential to become one the best on the continent.

“I came to say goodbye to Her Excellency (Acting President Mujuru) and we discussed a number of issues. The country has economic potential and we have a number of South Korean companies who want to come and invest in the country once the requirements are agreed on,” he said.

“It is my hope that we are going to strengthen economic relations that are beneficiary to the two countries.”

He said Zimbabwe’s strength in mining and agriculture would take the country far.

“Zimbabwe has four pillars of the economy which include mining, agriculture, manufacturing, trade and commerce and I don’t know which one is going to make a big impact first but these pillars will take them far as far as the growth of the economy is concerned,” Mr Kwang said.

“It is these areas that must be used and properly managed to develop the country’s industry to a high level.”

He said South Korean companies were interested in infrastructure, energy and resources development.

“During my tenure a number of Zimbabwean ministers have gone to South Korea to exchange ideas and several delegations have come here to discuss business. This must continue to be consolidated,” he said.

South Korea, which is a g ally of the United States, has maintained good, cordial and co-operative ties with Zimbabwe since the establishment of diplomatic ties with Harare in 1994.

The country has rendered assistance to Zimbabwe in various sectors including agriculture, health, education, energy, technical training as well as water and sanitation.

Source : The Herald