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Park pledges to support South Korean firms operating in Laos

All News 22:08 September 08, 2016

By Song Sang-ho

VIENTIANE, Sept. 8 (Yonhap) -- President Park Geun-hye on Thursday pledged to strengthen government support for South Korean firms operating in Laos, expressing expectations that it can help deepen economic ties between the two countries.

During a meeting with South Korean residents in the Laotian capital of Vientiane, Park also expressed her appreciation for their contribution to the development of bilateral relations with Laos, South Korea's fourth largest investment destination.

"South Korean companies have already made inroads in various sectors in Laos," she said. "I hope that more firms can contribute to deepening bilateral economic relations and offer a fresh fillip into your community here."

President Park Geun-hye (2nd R) speaks during a meeting with South Korean residents in the Laotian capital of Vientiane on Sept. 8, 2016. (Yonhap)

Noting that there are many challenges facing South Korea, the president called for unity and urged everyone to tackle challenges together. She was apparently referring to security challenges from North Korea.

Some 1,200 South Koreas reside in Laos.

On Friday, Park is set to hold a summit with her Laotian counterpart Bounnhang Vorachith. The leaders plan to discuss trade, investment, development and other areas of mutual interest, Park's office Cheong Wa Dae said.


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