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Nepali Embassy in Seoul to organize investment seminar

November 01 , 2013

Nepali Embassy in Seoul to organize investment seminar

Nepali Embassy in Seoul is organizing a seminar named ‘Empowering Nepal’ in May 2014 to attract foreign investments in Nepal.

The event is being organized to mark the 40th anniversary of the establishment of bilateral relations between Nepal and South Korea.

Speaking at an interaction in Kathmandu on October 31, Nepali ambassador to South Korea Kaman Singh Lama said, the main objective of the seminar is to identify priority sectors in Nepal where the country can attract foreign investment. “We will also organize B2B session where members of the Nepali delegation can interact with Korean investors,” he added.

The seminar will be held in Seoul form May 15 and 17.

Various speakers stressed the need to utilize expertise and earning of Nepalis working in South Korea for the development of Nepal.

Keshav Pandey, senior vice-president of Trekking Agencies’ Association of Nepal (TAAN), emphasized the need to increase air connectivity between Nepal and South Korea. “Number of South Korean tourists is growing with each passing year. We would be able to bring more Korean tourists by increasing connectivity with the second third largest Asian economy,” he added.

At present, Korean Air flies twice a week on Seoul-Kathmandu-Seoul sector.

“Many people don’t know that Lumbini-the birthplace of Buddha -- lies in Nepal. As a result, they buy Buddhist package sold by India,” Pandey said. “The eternal flame from Lumbini which was taken to South Korea last year helped a lot in the promotion of Nepal in South Korea. Now, many Koreans know that Buddha was born in Nepal.”

TAAN had actively participated to take the eternal flame from Lumbini to Seoul. The association had also displayed replicas of Lumbini, Bouddhanath and Swoyambhu in Seoul to promote Buddhist pilgrimage in the South Korean capital.

Binod Kunwar, president of Non-Resident Nepalis Association, South Korea, said Nepalis in Korea are eager to return home with expertise and investment. “They only want the government to assure them on the security of their investment,” he added.

Nepal is a potential destination for South Koreans as the country is home to both Buddhist pilgrimage sites and alpine tourism products. Most of the South Koreans travel out of the country for adventure and Buddhist pilgrimage.