October 2019 \ Business & Investment \ INDIA-SOUTH KOREA TIES
South Korean firms show interest in Odisha

Forgetting the Posco episode, the South Korean ...

Forgetting the Posco episode, the South Korean industries have shown interest in investing in Odisha as the state government rolled out a red carpet to attract investment. A nine-member business delegation led by Ambassador of Republic of Korea Shin Bong Kil met Chief Minister Naveen Patnaik in Bhubaneswar in September and evinced interest in investing in Odisha.

Senior executives from Korean companies, like Samsung India, Hyundai Motor India, Kia Motors, Samsung Electronics, Hanwha Capital, and organisations such as, the Korea International Trade Association, the Korea Trade Insurance Corporation, the Korea Trade Investment Promotion Agency, are visiting the state. Welcoming the Korean envoy and the delegation, the Chief Minister said there was significant opportunities for both South Korea and Odisha to strengthen trade, investment and tourism ties. The state has envisaged growth in six sectors—electronics manufacturing, petroleum, chemicals and petro-chemicals, textiles, tourism and downstream to metal and food processing.