S.Korean Ambassador discusses with Minister of Finance cooperation prospects

S.Korean Ambassador discusses with Minister of Finance cooperation prospects

CAIRO - 17 June 2021: Korean Ambassdor Hong Jin-wook met on June 17 H.E. Dr. Mohamed Maait, Minister of Finance, to discuss prospects of bilateral economic cooperation and means to support Korean companies' activities in Egypt. Ambassador Hong expressed thanks to Minister Maait for his participation at the forum organized by the Korean Embassy in Cairo on the recent government's customs and tax reform measures, despite his busy schedule. He added that the Minister's presence and open discussions he had with Korean investors reflects the keenness of the Egyptian government to support investors and gives assurances to Korean companies operating in Egypt. Ambassador Hong emphasized that yesterday's forum together with the recent visit of Korean Minister of Defense Acquisition Program Administration (DAPA) to Egypt and the visit to the Suez Canal Zone area on June 8-9 aimed at exploring new investment opportunities and opening up win-win cooperation between the two countries. Ambassador Hong hoped that these efforts could be culminated by fruitful deliverables with the visit of the Korean President to Egypt which was scheduled for last year but was postponed due to the pandemic. Ambassador Hong hailed the Egyptian government's efforts to support and ease difficulties facing Korean companies.