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Kenya president meets South Korean president for trade talks

Kenya president meets South Korean president for trade talks

The deals were reached in a meeting between executives of 27 South Korean companies and more than 210 Ugandan firms and other African firms as well as multinational corporations in Uganda's capital, Kampala, on Monday.

Uganda is the second leg of Park's Africa visit, during which she has focused on trade and business.

Young said South Korea will ask Kenya to relax some of the regulations that he argued are hindering their businesses from setting bases in Nairobi.

In a statement signed by the Permanent Secretary Ambassador James Mugume, the Ministry of Foreign Affairs stated that, contrary to media reports attributed to Foreign Affairs Minister, Uganda had not severed its ties with North Korea.

The Korean President also thanked President Museveni for having signed the UN Resolution 2270 barring North Korea from developing nuclear weapons.

South Korea said Uganda appears to have made a strategic judgment that it should give more weight to substantial cooperation with South Korea rather than military cooperation with North Korea as Uganda pursues a strategy for national development.

Memorial unveiled in Boise for Vietnam War veterans
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Officials here describe Africa as a "land of opportunity" for South Korea struggling to revitalize its economy.

She will also take a look at how the Korea Aid development program will run in Kenya and stop by the UN Office in Nairobi, which is the United Nations' headquarters in Africa.

Uganda's Foreign Minister told NK News on Monday that Kampala will not be breaking ties with North Korea, as had been erroneously reported by some media organizations earlier the same day.

He noted that the Kenyan government is eager to enter a memorandum of understanding of cooperation in electric power and nuclear energy development with the government of South Korea. It will be modeled after KAIST with 80-million US dollars from Korea's Economic Development Cooperation Fund.

"We salute the Korean people who have, within a period of just 60 years, risen from destitution and poverty to the 28th richest country in the world today in terms of the size of the GDP and GDP per capita", Ugandan President Yoweri Museveni said at a luncheon with Park.


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