KOREA: Major Boost For Mining Sector, Others
…As South Korean businessman Initiatives US$35M Plan Investment
MONROVIA-A South Korean businessman and Chief Executive Officer (CEO) of AUDUS Resource Investment Company has arrived in Liberia to boost the country’s economy through potential investment.
Park Ji Gon disclosed that his visit to Liberia is to invest in the country and see growth in its economy. Park ji Gon added that Liberia has a great prospect for the future and encourages diverse investments.
He named mining, construction and agriculture which he said are areas of his priorities to begin investing while other sectors are on the way for potential investment.
“Liberia is open for business, as always,” President Joseph Boakai said, and we are committed to fostering partnerships that will benefit both the country and our enterprises,” Park Ji Gon said.
The South Korean businessman noted that gold mining is a major economic driver for many countries across the world as construction also drives economic growth, creating new job opportunities and facilitating an improved quality of life and agriculture, reducing poverty, raising income and improving food security for the country.
According to him, the approximated sum of investment in these sectors is about US$35,000,000(US$35M) as an initial startup cost, but he vowed to increase the amount for better quality cooperation.
Park Ji Gon stressed that working and investing in Liberia would be one of his greatest achievements, thus supporting the country’s economy, providing job opportunities for many Liberians, and also creating a vibrant bond between Liberia and South Korea.
Park Ji Gon, a key participant in South Korea’s business sector is in the country to invest initially in sectors such as mining, construction and agriculture and is expected to further his investment in healthcare, education and others.
President Joseph Nyuma Boakai has since opened the country’s bilateral relationship with international partners opting to invest in Liberia’s climate and untapped potential in critical sectors, including energy, infrastructure, agriculture, education, and healthcare, thus assuring the country’s political stability and readiness to support potential ventures.
While in Liberia, businessman Ji Gon is expected to meet with key officials of government, including Mines and Energy Minister, Wilmont Paye and Agriculture Minister, Alexander Neutah, among other officials of government to cement a possible relationship for curving sustainable development.
Meanwhile, the investor expressed interest in exploring the country’s economic sectors, considering the already existing partnership between Liberia and South Korea, highlighting
Liberia’s fertile land and favorable climate as key factors that make the country ideal for much more investment.
He spoke with reporters upon his arrival in the country at the Roberts International Airport over the weekend.
Alphonso Toweh
Has been in the profession for over twenty years. He has worked for many international media outlets including: West Africa Magazine, Africa Week Magazine, African Observer and did occasional reporting for CNN, BBC World Service, Sunday Times, NPR, Radio Deutchewells, Radio Netherlands. He is the current correspondent for Reuters
He holds first MA with honors in International Relations and a candidate for second master in International Peace studies and Conflict Resolution from the University of Liberia.
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