Speakers of the Ethiopian and South Korean Parliaments expressed their commitment to further strengthen investment cooperation between the two countries.

During talks with with Korean Republic Parliament delegation headed by  Speaker Kang Lee yesterday, House of Peoples Representatives Speaker Abadulla Gemeda said tthat at Ethiopia will create favorable conditions for Korean investors interested to invest here.

He also requested his counterpart to encourage Korean investors to explore investment opportunities in Ethiopia.

The Korean National Assembly Speaker Kang Chang Lee, said a number of Korean companies have already been engaged in Ethiopia while others are on the way.

According to Chang, Samsung is planning to establish a plant to manufacture refrigerators and other equipments in Ethiopia. LG is also planning to invest in joint venture with Ethiopian companies.

The Speaker pledged to encourage more companies to come and invest in Ethiopia to further consolidate investment relations between the two countries.

Source: Ethiopian Herald