KATHMANDU, Jan 30: Minister for Foreign Affairs, Narayan Prasad Saud, said that the country is ready to welcome Korean investors and entrepreneurs in a large number in the upcoming third Investment Summit.

Nepal is hosting the Summit on April 28 and 29.

At a program organized to mark the 50th anniversary of establishment of diplomatic relations between Nepal and Republic of South Korea on Tuesday, Minister Saud said that they were keen to see Korean companies expanding their investment in Nepal.

Stating that if Korean companies such as Samsung, Hyundai Motors among others would express keen interest to explore investment opportunities in Nepal, he said the Government of Nepal would tap on those opportunities. 

"There is a tremendous potential to expand economic cooperation between our two countries. Let us explore those opportunities. Let's increase bilateral trade and investment. Let's further strengthen our partnership in the fields of agriculture, energy, tourism and information technology," the Minister urged.

According to FM Saud, the contributions made by the South Korean government in the development sector of Nepal had further expanded friendly and brotherly ties between the two countries.

Similarly, South Korean Ambassador to Nepal, Park Tae-Young, asserted that the journey of 50 years was a story of shared values, mutual respect and commitment to build a better future for the people of both countries.

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