South Korea Set to Invest in Cross River

In Breaking News, Business & Economy, International News, National News, Reports

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.

follow us on twitter @crossriverwatch

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

Thugs Brutalize Market Union Leaders For Sacking Emmanuel Mbora As Sanitation Manager

By Patrick Obia No fewer than ten Ika Ika Oqua (Marian) market union leaders have been brutalized for kicking


Stakeholders Agree To Work Towards Implementing VAPP And Disability Right Laws In Cross River State

By Ogar Monday Stakeholders from the Judiciary, Nigerian Police, and civil society have committed to work towards the full


PHED Official Electrocuted In Calabar, UNICROSS Student Butchered To Death

By Patrick Obia An official of the Port Harcourt Electricity Distribution Company (PHED) has been electrocuted in Calabar, Cross


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now