South Korea Set to Invest in Cross River

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by crossriverwatch admin

Senator Liyel Imoke - Executive Governor, Cross River State.
Senator Liyel Imoke – Executive Governor, Cross River State.

The Republic of South Korea has indicated its readiness to invest in Cross River State.

The indication was given by the Embassy’s Economic Counsellor, Chae Gyo Jeong in Abuja recently when the Special Adviser to governor Imoke on Intergovernmental Relations and Liaison Abuja, Barr. Joe Edet paid a working visit to the embassy’s office to explore areas of cooperation and collaboration.

According to Chae Gyo Jeong, South Korea would be willing to invest in the Agriculture sector of the state in the areas of Rice production, Cocoa, Rubber as well Cassava, adding that food processing plants would be established to help create value for the producers to enable them compete favourably in the global market.

The Korean Envoy also indicated that the country would also be willing to engage in power generation, solid minerals exploration and developing world class infrastructures for road, water and rail transportation in the state.

He expressed the Embassy’s willingness to bring a High Power Business/Trade Delegation to the state in May or June this year in order to seek stronger ties with the state and advance trade relations that would be beneficial to both governments.

It would be recalled that South Korea was among the countries that participated in the last Carnival Calabar.

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