Korean firm eyes Zambia | Zambia Daily Mail

MEN IN BLACK! From left to right are Agriculture Minister Emmanuel Chenda, President Sata, Foreign Affairs Minister Given Lubinda and Commerce Minister Robert Sichinga having a feel of the latest goggles of the 3D, High Definition Television during a tour of Samsung Electronics in Seoul. - Picture by THOMAS NSAMA

From YANDE SYAMPEYO in Suwon, South Korea
A SOUTH Korean construction company has expressed interest to invest in affordable real estate in Zambia.
IS DONGSEO is one of the world?s leaders in the construction of housing, manufacturing and other construction equipment.
Chief executive officer Min-Seok Kwon said the company is considering investing in Zambia because of its conducive investment policies.
Mr Min said this here in an interview yesterday after a team of three Zambian ministers toured one of the company?s multi-million dollar housing projects.
The delegation was made up of Minister of Commerce, Trade and Industry Bob Sichinga, Minister of Foreign Affairs Given Lubinda and Minister of Agriculture and Livestock Emmanuel Chenda.
Mr Min said some senior managers of the company visited Zambia early this year and are interested in investing in the country.
?We want to come to Zambia and see the various investment opportunities that you have to offer. This is one of the reasons we organised this tour so that we can collaborate further,? Mr Min said.
He said the company wishes to engage government to explore various investment opportunities.
Mr Min said IS DONGSEO will also consider investing in agriculture, civil engineering and road construction.
?I heard that Zambia?s investment climate is the best on the entire African continent and that is how we got to know about your country,? Mr Min said.
He said IS DONGSEO will in the next few months set up an office in Zambia to study investment opportunities.
Mr Min said Zambia is the first African country the company has considered to invest in.
He cited Vietnam and China as some of the countries the company operates from.

Source: http://www.daily-mail.co.zm/?p=17281

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