During the Ethio-South Korea business forum held in Seoul yesterday, Prime Minister Dr. Abiy Ahmed invited more South Korean investors to come to Ethiopia.
Ethiopia has made reforms on its policies and laws in order to create favorable business environment and attract more foreign direct investment (FDI), he said.
Yeon-ho Choi, President of the Korea-Africa Foundation, said Ethiopia is South Korea’s preferable country to expand its market share in Africa.
In a related development, the Prime Minister met with Hyundai leadership to discuss the potential expansion of investments in Ethiopia.
He also met with steel making giant POSCO and explored the possibility of setting up steelworks in Ethiopia to meet the current domestic demand in construction, as well as to enable jobs creation.
Prime Minister Dr. Abiy also held talks with the President of the Korea International Cooperation Agency (KOICA) to discuss further strengthening of the support to Ethiopia.
He expressed appreciation to KOICA for the development work that they have undertaken in education, water, and agriculture, according to the office of the Prime Minister.
KOICA expressed interest to further develop cooperation with Ethiopia in various areas.
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