Korean Ambassador Dr Song Jong-hwan has called for further cementing agricultural, trade and academia ties between Pakistan and Korea to create new business and investment opportunities and to get benefit from each other experiences.
He was talking to Vice Chancellor of University of Agriculture Faisalabad (UAF) Dr Iqrar Ahmad Khan during his visit to the varsity. He said that they are planning to provide Pakistan with a 500 million dollar Economic Development Co-operation Fund from 2015 to 2017. He said that Korea was major economic power. Korean per capita income in 1960 was less than $80, he said, adding that now it was more than $28,000.
About the Korea-Pak relations, he said that that there were many similarities between the two countries. He said: “We both give importance to hospitality and respect for elders. Both countries got independence at around the same time; Pakistan was born on August 14, 1947 while the Korean government was established on August 15, 1948.” During the Korean War from 1950 to 1953, Pakistan provided humanitarian assistance to Korea, he added. He said that Korea built the iconic Motorway-II between Islamabad and Lahore in the 1990s. Today, Korea was increasingly investing in Pakistan’s infrastructure and development projects, he added. He said that the projects, included hydropower projects, which would provide the much needed electricity to Pakistan. The Korean envoy said that Pakistan had a strategic location, abundant natural resources, population and land. Pakistan also had talented and skilled labour, he added.